Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex−0.044%77s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1011.006% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.044%, 7d avg −0.063%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 77 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	Phemex AAPLUSDT	339.87	0	get 0.0000% / 4h	17m 53s	$2.1M	$7K	10x
Short	ApeX Omni AAPLUSDT	339.72	0.0100	get 0.0013% / 1h	17m 53s	$949K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.044%Rate

Funding earned: $21
Price spread: −0.044% → −0.063%: $1.88
Slippage, 4 orders: −$78.62
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$77.74
Costs to cover: 1.006%
Break-even: 32.9 days

Slippage from Phemex: live order book, 6 min ago; ApeX Omni: live order book, 1 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 Phemex live order book, 6 min ago	1.47 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.21 bp	7.5 bp −$8	9.1 bp −$91	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	−0.0422%	4h	339.75	−0.035%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0152%	1h	339.78	−0.028%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0015%	1h	339.67	−0.059%	$28K	$69K	10x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.83	−0.012%	$345K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.81	−0.019%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.77	−0.028%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.85	−0.006%	$22.1M	$67.4M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.81	−0.018%	$6.1M	$155.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.80	−0.021%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	−0.065%	$3.0M	$5.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.92	+0.015%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.81	−0.016%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	−0.007%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.85	−0.006%	$720	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.93	+0.018%	$62K	$245K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.87	long leg	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0027%	1h	339.71	−0.047%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.76	−0.031%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.74	−0.038%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.68	−0.056%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.71	−0.047%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.78	−0.026%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.044%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.77	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.64	−0.068%	$1.3M	$2.3M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.74	−0.038%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.094%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.53	−0.100%	$1.4M	$47K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	339.72	−0.044%	$949K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.74	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.044%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.62	−0.074%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.82	−0.015%	$5K	$12K	20x	as long as short