Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.045%

Price spread now: Phoenix against HTX−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 0.024% cheaper against HTX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	340.02	0	get 0.0000% / 8h	7h 58m	$62K	$245K	30x
Short	Phoenix AAPL	339.94	0.0259	get 0.0032% / 1h	58m 23s	$5K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.024%Rate

Funding earned: $54.38
Price spread: −0.024% → 0.000%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.02
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: HTX: live order book, 38 min ago; 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 HTX live order book, 38 min ago	1.32 bp	10.2 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0293%	4h	339.80	−0.065%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0038%	1h	339.70	−0.094%	$556K	$37K	20x	as long as short
Gate AAPL_USDT	−0.0030%	8h	339.68	−0.100%	$3.0M	$5.5M	100x	as long as short
BloFin AAPL-USDT	−0.0012%	8h	339.80	−0.065%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.77	−0.072%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.75	−0.078%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.78	−0.071%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.78	−0.071%	$6.2M	$171.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.82	−0.059%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.64	−0.112%	$36K	—	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.79	−0.068%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.92	−0.031%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.86	−0.047%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.80	−0.065%	$663	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.71	−0.091%	$28K	$69K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	340.02	long leg	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	339.84	−0.053%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.77	−0.074%	$3.2M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.138%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.76	−0.077%	$942K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.73	−0.085%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.72	−0.088%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.63	−0.115%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.57	−0.132%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.46	−0.165%	$279K	$422K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.70	−0.094%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.64	−0.112%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.72	−0.088%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.69	−0.097%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.73	−0.085%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.74	−0.081%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.69	−0.097%	$191K	$44K	30x	as long as short
Phoenix AAPLshort	+0.0259%	1h	339.94	−0.024%	$5K	$11K	20x