Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against Injective−0.085%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.085% cheaper against Injective than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AAPL/USDC PERP | 340.37 | 0.0220 | pay 0.0028% / 1h | 10m 52s | $192K | $44K | 30x |
| Short | Phoenix AAPL | 340.08 | 0.0212 | get 0.0026% / 1h | 10m 52s | $5K | $12K | 20x |
Injective AAPL/USDC PERP
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- −$1.72
- Price spread: −0.085% → 0.000%
- −$8.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$17.26
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 23 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 Injective live order book, 23 min ago | 9.99 bp | 10.0 bp −$10 | 10.0 bp −$100 | 57602.3 bp −$5.76M | 328011.0 bp −$164.01M |
| 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 | −0.0543% | 4h | 339.97 | −0.117% | $81K | $328K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0048% | 1h | 339.89 | −0.141% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | −0.0028% | 8h | 340.08 | −0.085% | $345K | $166K | 20x | as long as short |
| Nado AAPL-PERP | −0.0017% | 1h | 339.90 | −0.137% | $556K | $35K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.90 | −0.139% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.99 | −0.112% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.06 | −0.091% | $22.2M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 340.12 | −0.073% | $6.4M | $215.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.00 | −0.109% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.89 | −0.141% | $3.0M | $6.5M | 100x | as long as short |
edgeX AAPLUSDC
Hotstuff AAPL-PERP
BloFin AAPL-USDT
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 340.07 | −0.088% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 340.04 | −0.098% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.86 | −0.148% | $22K | $345K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.08 | −0.085% | $765 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.93 | −0.129% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.18 | −0.056% | $62K | $243K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.11 | −0.076% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 339.95 | −0.123% | $3.2M | $4.2M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.56 | −0.238% | $660K | $653K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 340.02 | −0.102% | $929K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 340.00 | −0.109% | $987K | $3.3M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.93 | −0.129% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.78 | −0.173% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.98 | −0.115% | $40.4M | $76.7M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.90 | −0.138% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.95 | −0.123% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.78 | −0.173% | $1.3M | $2.3M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.81 | −0.165% | $1.4M | $93K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.88 | −0.144% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.95 | −0.123% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.95 | −0.123% | $11K | $102 | 10x | as long as short |
| Phoenix AAPLshort | +0.0212% | 1h | 340.08 | −0.085% | $5K | $12K | 20x | |
| Injective AAPL/USDC PERPlong | +0.0220% | 1h | 340.37 | long leg | $192K | $44K | 30x |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP