Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Phemex−0.082%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.082%, 7d avg −0.011%

Together, before fees+0.090%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.070% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.06	0	get 0.0000% / 4h	2h 26m	$2.1M	$7K	10x
Short	Aster AAPLUSDT	338.78	0	get 0.0000% / 8h	2h 26m	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.011%: −$7.05
Slippage, 4 orders: −$93.8
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$120.84
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 60 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, 2 min ago	1.92 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 60 min ago	2.21 bp	13.3 bp −$13	196.0 bp −$1,960	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	−0.0202%	4h	338.98	−0.024%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.10	+0.012%	$354K	$165K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	338.78	−0.082%	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	338.97	−0.027%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.01	−0.015%	$22.1M	$66.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.05	−0.003%	$6.3M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	−0.015%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.077%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.003%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.99	−0.022%	$2.2M	$1.1M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	−0.018%	$14K	$522K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.00	−0.018%	$844	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.06	0.000%	$53K	$224K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.06	long leg	$2.1M	$7K	10x
Lighter AAPL	+0.0032%	1h	338.94	−0.035%	$755K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	−0.024%	$975K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.100%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.92	−0.041%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.69	−0.109%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.78	−0.083%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0075%	1h	338.78	−0.083%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0099%	8h	338.80	−0.077%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.086%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	−0.044%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.98	−0.024%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	−0.034%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	338.96	−0.029%	$658K	$671K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0204%	1h	338.99	−0.021%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.103%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.01	−0.015%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0283%	1h	339.06	0.000%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.95	−0.032%	$270K	$69K	20x	as long as short