Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Phemex−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.021% cheaper against Phemex than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.74	0	get 0.0000% / 4h	1h 01m	$2.1M	$7K	10x
Short	SoDEX AAPL-USD	339.67	0.0050	get 0.0006% / 1h	1m 00s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $10.5
Price spread: −0.021% → 0.000%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.56
Costs to cover: 0.200%
Break-even: 14.7 days

Slippage unknown: Phemex: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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	1.77 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0636%	4h	339.69	−0.013%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0050%	1h	339.58	−0.049%	$555K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.67	−0.021%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.61	−0.039%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.66	−0.023%	$291K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.73	−0.002%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.78	+0.012%	$5.9M	$128.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.76	+0.006%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.53	−0.062%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.72	−0.006%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.75	+0.001%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.71	−0.008%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	0.000%	$537	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.53	−0.062%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.015%	$62K	$245K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.74	long leg	$2.1M	$7K	10x
BloFin AAPL-USDT	+0.0023%	8h	339.76	+0.006%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	−0.021%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.056%	$660K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.67	−0.019%	$946K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.66	−0.024%	$949K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	−0.026%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.074%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.62	−0.035%	$279K	$424K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	339.67	−0.021%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.49	−0.074%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0084%	1h	339.66	−0.024%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.48	−0.077%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.068%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.59	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.63	−0.032%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.86	+0.035%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.48	−0.077%	$191K	$44K	30x	as long as short