Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.024%
Price spread now: Phemex against KuCoin+0.071%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2262.259% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.071%, 7d avg +0.082%
=The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AAPLUSDTM | 338.75 | 0.0100 | pay 0.0100% / 8h | 5h 30m | $1.4M | $27K | 20x |
| Short | Phemex AAPLUSDT | 338.99 | 0 | get 0.0000% / 4h | 1h 30m | $2.1M | $6K | 10x |
KuCoin AAPLUSDTM
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: +0.071% → +0.082%
- −$1.16
- Slippage, 4 orders
- −$201.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$248.09
- Costs to cover
- 2.259%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 3 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 KuCoin live order book, 5 min ago | 6.05 bp | 70.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.33 bp | 49.7 bp −$50 | 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 | −0.0112% | 4h | 338.86 | +0.032% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0059% | 1h | 338.69 | −0.019% | $554K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0007% | 8h | 339.01 | +0.077% | $343K | $169K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.83 | +0.022% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.78 | +0.009% | $285K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.89 | +0.041% | $22.3M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.87 | +0.035% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.99 | +0.071% | $6.3M | $6.8M | 25x | as long as short |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 338.86 | +0.032% | $36K | — | 20x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.69 | −0.018% | $3.0M | $4.2M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Hotstuff AAPL-PERP
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 | 338.98 | +0.068% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.99 | +0.069% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.88 | +0.037% | $17K | $424K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.97 | +0.065% | $654 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.70 | −0.015% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.07 | +0.094% | $52K | $224K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 338.99 | +0.071% | $2.1M | $6K | 10x | |
| QFEX AAPL-USD | +0.0013% | 1h | 338.79 | +0.012% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.67 | −0.023% | $770K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.73 | −0.006% | $950K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.83 | +0.024% | $269K | $69K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.66 | −0.027% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.78 | +0.009% | $659K | $673K | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.62 | −0.038% | $261K | $370K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.87 | +0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.67 | −0.024% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0066% | 1h | 338.78 | +0.009% | $40.7M | $75.8M | 20x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 338.75 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.74 | −0.003% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.81 | +0.018% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.78 | +0.010% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.72 | −0.009% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 338.96 | +0.062% | $5K | $11K | 20x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL