Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0644%/8h= −70.5% APRnext payment $3.22 per $10,000 · paid last 24h −0.205%
Price spread now: edgeX against Phemex−0.029%78s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1091.095% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.548%−$55 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.029%, 7d avg −0.028%
Together, before fees−0.416%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex AAPLUSDT340.030get 0.0000% / 4h2h 58m$2.1M$7K10x
ShortedgeX AAPLUSDC339.93−0.0644pay 0.0322% / 4h2h 58m$81K$328K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$135.16
Price spread: −0.029% → −0.028%
−$0.03
Slippage, 4 orders
−$88.48
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$244.67
Costs to cover
1.095%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago0.74 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 35 min ago2.65 bp12.9 bp −$1321.0 bp −$210doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDCshort−0.0644%4h339.93−0.029%$81K$328K20x
Hotstuff AAPL-PERP−0.0040%1h339.92−0.032%$36K20xas long as short
Nado AAPL-PERP−0.0038%1h339.83−0.060%$556K$35K20xas long as short
BloFin AAPL-USDT−0.0020%8h339.95−0.024%$345K$166K20xas long as short
Aster AAPLUSDT0.0000%8h339.91−0.035%$121K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.85−0.052%$285K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.95−0.025%$22.1M$67.2M25xas long as short
Bybit AAPLUSDT0.0000%8h339.99−0.012%$7.6M$228.6M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.90−0.038%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.73−0.088%$3.0M$6.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.97−0.018%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h340.00−0.010%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.99−0.011%$22K$345K10xas long as short
SunX AAPL-USDT0.0000%8h340.01−0.006%$551$4.3M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.83−0.059%$28K$70K10xas long as short
HTX AAPL-USDT0.0000%8h340.04+0.003%$62K$242K30xas long as short
Phemex AAPLUSDTlong0.0000%4h340.03long leg$2.1M$7K10x
QFEX AAPL-USD+0.0031%1h339.90−0.038%$3.3M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.91−0.034%$928K$2.6M20xas long as short
Lighter RH AAPL+0.0032%1h339.89−0.041%$986K$3.1M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.76−0.079%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.90−0.038%$40.4M$76.7M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.86−0.050%$279K$350K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.87−0.047%$76K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.71−0.094%$1.3M$2.2M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0056%1h339.97−0.018%$661K$654K10xas long as short
Arcus AAPL-USD+0.0082%1h339.82−0.062%$267K$60K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.75−0.082%$1.4M$102K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.86−0.050%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.87−0.047%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.82−0.063%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h340.07+0.012%$5K$11K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h340.35+0.094%$192K$44K30xas long as short