Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Phemex−0.006%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.006%, 7d avg −0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AAPLUSDT | 339.75 | 0 | get 0.0000% / 4h | 2h 20m | $2.1M | $7K | 10x |
| Short | Bybit AAPLUSDT | 339.73 | 0 | get 0.0000% / 8h | 6h 20m | $6.4M | $248.3M | 100x |
Phemex AAPLUSDT
Bybit AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: −0.006% → −0.024%
- $1.79
- Slippage, 4 orders
- −$71.69
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$92.9
- Costs to cover
- 0.947%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Bybit: 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 | 1.62 bp | 38.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.15 bp | 5.6 bp −$6 | 6.8 bp −$68 | 15.2 bp −$1,516 | doesn't fit |
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 | −0.0475% | 4h | 339.72 | −0.010% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0003% | 1h | 339.63 | −0.036% | $556K | $30K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.67 | −0.024% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.60 | −0.045% | $288K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.70 | −0.015% | $22.1M | $66.9M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.73 | −0.006% | $6.4M | $248.3M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.73 | −0.006% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.52 | −0.068% | $3.0M | $7.0M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.70 | −0.015% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.75 | +0.001% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance 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 | 339.76 | +0.003% | $13K | $348K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.70 | −0.015% | $611 | $4.2M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.63 | −0.035% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.83 | +0.024% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDTlong | 0.0000% | 4h | 339.75 | long leg | $2.1M | $7K | 10x | |
| BloFin AAPL-USDT | +0.0027% | 8h | 339.74 | −0.003% | $348K | $166K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 339.61 | −0.041% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.65 | −0.030% | $931K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.64 | −0.032% | $987K | $3.1M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0040% | 1h | 339.67 | −0.024% | $36K | — | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.49 | −0.077% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.66 | −0.026% | $279K | $349K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.59 | −0.047% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.42 | −0.097% | $1.3M | $2.2M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0056% | 1h | 339.60 | −0.044% | $663K | $652K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0058% | 1h | 339.60 | −0.044% | $40.4M | $76.4M | 20x | as long as short |
| Arcus AAPL-USD | +0.0082% | 1h | 339.57 | −0.053% | $267K | $60K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.52 | −0.068% | $1.4M | $135K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.64 | −0.032% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.63 | −0.035% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.57 | −0.053% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.02 | +0.079% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0235% | 1h | 339.79 | +0.012% | $5K | $12K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Hotstuff AAPL-PERP
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Arcus AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL