Funding you earn now, next payment 00:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.049%
Price spread now: Phoenix against KuCoin+0.100%7-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 +$7 a day on $10k at the current rate, and Phoenix is 0.100% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread 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 | KuCoin AAPLUSDTM | 338.62 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $1.4M | $27K | 20x |
| Short | Phoenix AAPL | 338.96 | 0.0330 | get 0.0041% / 1h | 31m 16s | $5K | $11K | 20x |
KuCoin AAPLUSDTM
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $48.37
- Price spread: +0.100% → 0.000%
- $10.04
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.41
- Costs to cover
- 0.190%
- Break-even
- 1.3 days
Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 6.20 bp | 61.5 bp −$62 | doesn't fit | 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 | −0.0386% | 4h | 338.84 | +0.066% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0022% | 1h | 338.71 | +0.027% | $556K | $36K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.96 | +0.101% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.89 | +0.080% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.85 | +0.068% | $6.4M | $6.5M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | +0.018% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.93 | +0.092% | $13K | $479K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.89 | +0.080% | $691 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.62 | 0.000% | $28K | $66K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.00 | +0.112% | $53K | $225K | 30x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex AAPLUSDT | 0.0000% | 4h | 338.93 | +0.092% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.76 | +0.043% | $770K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.82 | +0.059% | $957K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.61 | −0.003% | — | $52K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 338.77 | +0.044% | $36K | — | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.77 | +0.044% | $40.8M | $75.9M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0050% | 8h | 338.91 | +0.086% | $6.2M | $3.4M | 100x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.65 | +0.009% | $263K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.77 | +0.044% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.57 | −0.015% | $1.4M | $2.5M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.83 | +0.062% | $3.2M | $5.1M | 10x | as long as short |
| Variational Omni AAPL | +0.0087% | 8h | 338.90 | +0.084% | $2.4M | $1.4M | — | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 338.62 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.68 | +0.018% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.81 | +0.056% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.83 | +0.061% | $11K | — | 10x | as long as short |
| Binance AAPLUSDT | +0.0112% | 8h | 338.90 | +0.083% | $22.2M | $66.7M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0112% | 1h | 338.83 | +0.062% | $286K | $2.4M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0126% | 8h | 338.92 | +0.089% | $347K | $169K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.77 | +0.044% | $659K | $663K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.65 | +0.009% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLshort | +0.0330% | 1h | 338.96 | +0.100% | $5K | $11K | 20x | |
| Arcus AAPL-USD | +0.0406% | 1h | 338.80 | +0.053% | $269K | $70K | 20x | as long as short |
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
tradeXYZ xyz:AAPL
Bitget AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Variational Omni AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Binance AAPLUSDT
Extended AAPL_24_5-USD
BloFin AAPL-USDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Arcus AAPL-USD