Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h 0.000%

Price spread now: GRVT against Phemex−0.012%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$980.979% of the position

Long on Phemex Short on GRVT

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)+0.036%+$4 · spread now −0.012%, 7d avg −0.016%

Together, before fees+0.036%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.16	0	get 0.0000% / 4h	43m 09s	$2.1M	$7K	10x
Short	GRVT AAPL_USDT_Perp	339.12	0.0007	get 0.0007% / 8h	43m 09s	$14K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.012%Rate

Funding earned: $1.47
Price spread: −0.012% → −0.016%: $0.36
Slippage, 4 orders: −$76.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$96.03
Costs to cover: 0.979%
Break-even: 464.3 days

Slippage from Phemex: live order book, 5 min ago; GRVT: live order book, 35 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, 5 min ago	0.44 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 35 min ago	1.33 bp	6.0 bp −$6	7.6 bp −$76	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	−0.0509%	4h	339.09	−0.020%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	−0.047%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.19	+0.009%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.15	−0.003%	$6.5M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.074%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.16	0.000%	$549	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.85	−0.091%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.29	+0.038%	$52K	$223K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.16	long leg	$2.1M	$7K	10x
GRVT AAPL_USDT_Perpshort	+0.0007%	8h	339.12	−0.012%	$14K	$498K	10x

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	−0.029%	$964K	$3.8M	20x	as long as short
Bitget AAPLUSDT	+0.0034%	8h	339.16	0.000%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.115%	—	$53K	25x	as long as short
Variational Omni AAPL	+0.0048%	8h	339.13	−0.007%	$2.4M	$1.4M	—	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.059%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.84	−0.094%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.09	−0.021%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0076%	8h	339.13	−0.007%	$22.4M	$67.4M	25x	as long as short
Extended AAPL_24_5-USD	+0.0080%	1h	339.09	−0.022%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0081%	8h	339.14	−0.006%	$348K	$167K	20x	as long as short
Lighter AAPL	+0.0096%	1h	339.02	−0.040%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.091%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.76	−0.118%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.08	−0.024%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0127%	1h	338.83	−0.097%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.02	−0.041%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.038%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0217%	1h	339.02	−0.041%	$40.9M	$76.4M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.121%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.09	−0.021%	$2K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	339.03	−0.038%	$270K	$71K	20x	as long as short