Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.025%

Price spread now: Phemex against BloFin+0.021%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.021%, 7d avg +0.009%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.07	0.0028	pay 0.0028% / 8h	1h 14m	$351K	$168K	20x
Short	Phemex AAPLUSDT	339.14	0	get 0.0000% / 4h	1h 14m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$5.87
Price spread: +0.021% → +0.009%: $1.14
Slippage, 4 orders: −$73.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.29
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 1 min ago	0.15 bp	6.5 bp −$6	7.6 bp −$76	21.6 bp −$2,163	doesn't fit
Sell Phemex live order book, 4 min ago	1.62 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0896%	4h	339.04	−0.010%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.13	+0.017%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.02	−0.015%	$285K	$1.5M	10x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.021%	$6.1M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.10	+0.009%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.050%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.08	+0.003%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.07	+0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.10	+0.007%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.11	+0.012%	$766	$4.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.82	−0.074%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.17	+0.029%	$53K	$222K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.14	+0.021%	$2.1M	$7K	10x
Binance AAPLUSDT	+0.0004%	8h	339.12	+0.016%	$22.4M	$67.3M	25x	as long as short
BloFin AAPL-USDTlong	+0.0028%	8h	339.07	long leg	$351K	$168K	20x
Lighter RH AAPL	+0.0032%	1h	339.02	−0.015%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.103%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.053%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.097%	$1.5M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	338.99	−0.025%	$772K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.02	−0.015%	$3.2M	$5.1M	10x	as long as short
Nado AAPL-PERP	+0.0080%	1h	338.82	−0.072%	$556K	$34K	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.98	−0.027%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.068%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.100%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.97	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	−0.016%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.012%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0184%	1h	339.02	−0.015%	$40.9M	$76.6M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.142%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.08	+0.003%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	338.99	−0.024%	$270K	$70K	20x	as long as short