Funding you earn now, next payment 11:00 UTC+0.0285%/8h= +31.2% APRnext payment +$0.36 per $10,000 · paid last 24h +0.059%
Price spread now: Phoenix against Nado+0.029%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.029% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado AAPL-PERP | 339.36 | −0.0002 | get 0.0000% / 1h | 50m 10s | $555K | $28K | 20x |
| Short | Phoenix AAPL | 339.46 | 0.0283 | get 0.0035% / 1h | 50m 10s | $5K | $12K | 20x |
Nado AAPL-PERP
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $59.76
- Price spread: +0.029% → 0.000%
- $2.87
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.63
- Costs to cover
- 0.140%
- Break-even
- 1.3 days
Slippage unknown: Nado: live order book, 56 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 Nado live order book, 56 min ago | 0.59 bp | 11.2 bp −$11 | 33.4 bp −$334 | 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 exchanges
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 | −0.0068% | 4h | 339.36 | −0.001% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERPlong | −0.0002% | 1h | 339.36 | long leg | $555K | $28K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 339.35 | −0.003% | $120K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.21 | −0.045% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.35 | −0.005% | $22.1M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.30 | −0.018% | $6.6M | $284.7M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.38 | +0.005% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.15 | −0.063% | $3.0M | $7.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.34 | −0.007% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.43 | +0.018% | $2.5M | $1.3M | — | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.48 | +0.034% | $12K | $339K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.41 | +0.014% | $658 | $4.1M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.49 | +0.037% | $62K | $241K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.42 | +0.017% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0022% | 8h | 339.47 | +0.032% | $352K | $165K | 20x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.36 | −0.001% | $3.3M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.33 | −0.010% | $924K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.37 | +0.002% | $1.0M | $3.0M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.22 | −0.042% | $267K | $48K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0045% | 1h | 339.30 | −0.018% | $28K | $69K | 10x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.28 | −0.024% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.35 | −0.004% | $36K | — | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.33 | −0.010% | $40.5M | $76.7M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.36 | −0.001% | $279K | $347K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.29 | −0.021% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.30 | −0.018% | $1.3M | $2.2M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.29 | −0.021% | $1.4M | $210K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.26 | −0.030% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.24 | −0.036% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.23 | −0.039% | $11K | $102 | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0128% | 1h | 339.38 | +0.005% | $659K | $629K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.66 | +0.088% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLshort | +0.0283% | 1h | 339.46 | +0.029% | $5K | $12K | 20x |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Deribit AAPL_USDC-PERPETUAL
Vest AAPL-USD-PERP
Hotstuff AAPL-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
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP