Funding you earn now, next payment 00:00 UTC+0.0642%/8h= +70.3% APRnext payment +$0.80 per $10,000 · paid last 24h +0.010%
Price spread now: Phoenix against Deribit+0.118%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Phoenix is 0.118% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AAPL_USDC-PERPETUAL | 338.31 | −0.0311 | get 0.0039% / 1h | 9m 40s | $28K | $67K | 10x |
| Short | Phoenix AAPL | 338.71 | 0.0330 | get 0.0041% / 1h | 9m 40s | $5K | $11K | 20x |
Deribit AAPL_USDC-PERPETUAL
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $134.74
- Price spread: +0.118% → 0.000%
- $11.82
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $132.56
- Costs to cover
- 0.140%
- Break-even
- 0.1 days
Slippage unknown: Deribit: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Deribit and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0817% | 4h | 338.56 | +0.075% | $81K | $325K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUALlong | −0.0311% | 1h | 338.31 | long leg | $28K | $67K | 10x | |
| Nado AAPL-PERP | −0.0025% | 1h | 338.55 | +0.070% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.66 | +0.103% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.66 | +0.103% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.68 | +0.109% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.39 | +0.024% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.68 | +0.109% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.67 | +0.106% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.62 | +0.092% | $603 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.73 | +0.124% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.60 | +0.086% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.51 | +0.059% | $765K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.56 | +0.074% | $956K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.47 | +0.047% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.59 | +0.083% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.34 | +0.009% | $263K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.59 | +0.083% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.33 | +0.006% | $1.4M | $2.4M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0056% | 1h | 338.59 | +0.083% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.59 | +0.083% | $3.3M | $5.0M | 10x | as long as short |
| Variational Omni AAPL | +0.0060% | 8h | 338.62 | +0.090% | $2.4M | $1.4M | — | as long as short |
| BloFin AAPL-USDT | +0.0068% | 8h | 338.81 | +0.148% | $345K | $169K | 20x | as long as short |
| Binance AAPLUSDT | +0.0086% | 8h | 338.64 | +0.098% | $22.2M | $66.8M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0088% | 1h | 338.56 | +0.075% | $284K | $2.0M | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.63 | +0.095% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.49 | +0.053% | $945K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.50 | +0.056% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.53 | +0.064% | $10K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | +0.059% | $655K | $670K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.52 | +0.062% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLshort | +0.0330% | 1h | 338.71 | +0.118% | $5K | $11K | 20x | |
| Arcus AAPL-USD | +0.0406% | 1h | 338.56 | +0.074% | $269K | $70K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Hotstuff AAPL-PERP
QFEX AAPL-USD
Variational Omni AAPL
BloFin AAPL-USDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Arcus AAPL-USD