Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Phemex against GRVT+0.009%77s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1031.026% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.009%, 7d avg +0.014%

Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAPL_USDT_Perp	340.04	0	get 0.0000% / 8h	7h 46m	$13K	$349K	10x
Short	Phemex AAPLUSDT	340.07	0	get 0.0000% / 4h	3h 46m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against GRVT. 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 GRVTbpFee PhemexbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.014%: −$0.51
Slippage, 4 orders: −$81.59
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$103.1
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from GRVT: live order book, 52 min ago; Phemex: live order book, 2 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 GRVT live order book, 52 min ago	1.33 bp	7.5 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.59 bp	49.3 bp −$49	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	−0.0921%	4h	339.95	−0.026%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.87	−0.049%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	340.04	0.000%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.91	−0.037%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.017%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.07	+0.008%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.05	+0.003%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.91	−0.038%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.05	+0.003%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	−0.001%	$2.5M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perplong	0.0000%	8h	340.04	long leg	$13K	$349K	10x
SunX AAPL-USDT	0.0000%	8h	340.10	+0.018%	$463	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.89	−0.044%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.18	+0.041%	$62K	$244K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	340.07	+0.009%	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0010%	1h	340.03	−0.003%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	340.13	+0.027%	$344K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.035%	$663K	$656K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.98	−0.018%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	−0.023%	$957K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	−0.023%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.053%	—	$45K	25x	as long as short
Bybit AAPLUSDT	+0.0047%	8h	340.12	+0.024%	$6.3M	$180.4M	100x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.85	−0.056%	$279K	$375K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.01	−0.009%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.044%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.91	−0.038%	$1.4M	$66K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.86	−0.053%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.94	−0.029%	$4K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0101%	1h	339.99	−0.015%	$40.3M	$76.6M	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.93	−0.033%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.027%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.150%	$192K	$44K	30x	as long as short