Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0330%/8h= +36.2% APRpaid last 24h +0.020%

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

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 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	OKX AAPL-USDT-SWAP	339.11	0	get 0.0000% / 8h	47m 16s	$6.5M	$7.0M	25x
Short	Phoenix AAPL	339.19	0.0330	get 0.0041% / 1h	47m 16s	$2K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now +0.024%Rate

Funding earned: $69.35
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $54.71
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	0.15 bp	5.9 bp −$6	11.3 bp −$113	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	−0.0893%	4h	339.12	+0.004%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.035%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.19	+0.024%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.11	long leg	$6.5M	$7.0M	25x
Gate AAPL_USDT	0.0000%	8h	338.93	−0.053%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	+0.006%	$675	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.20	+0.027%	$52K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.018%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0002%	8h	339.13	+0.006%	$14K	$498K	10x	as long as short
Bitget AAPLUSDT	+0.0027%	8h	339.16	+0.015%	$6.2M	$3.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	339.06	−0.015%	$964K	$3.7M	20x	as long as short
Variational Omni AAPL	+0.0034%	8h	339.17	+0.016%	$2.4M	$1.4M	—	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.100%	—	$53K	25x	as long as short
BloFin AAPL-USDT	+0.0049%	8h	339.15	+0.012%	$304K	$167K	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.044%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.82	−0.086%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.07	−0.012%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0069%	8h	339.13	+0.006%	$22.4M	$67.2M	25x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	339.07	−0.012%	$285K	$1.5M	10x	as long as short
Lighter AAPL	+0.0096%	1h	339.00	−0.032%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.080%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.097%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.08	−0.010%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0124%	1h	338.84	−0.080%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	339.03	−0.024%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.024%	$660K	$677K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.136%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0221%	1h	339.03	−0.024%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPLshort	+0.0330%	1h	339.19	+0.024%	$2K	$8K	20x
Arcus AAPL-USD	+0.0397%	1h	339.02	−0.027%	$270K	$71K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0458%	1h	339.05	−0.018%	$28K	$65K	10x	as long as short