Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.127%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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.127% cheaper against Phemex than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 9.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.17	0	get 0.0000% / 4h	1h 58m	$2.1M	$7K	10x
Short	Vest AAPL-USD-PERP	338.74	0.0046	get 0.0006% / 1h	58m 58s	—	$53K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.127%Rate

Funding earned: $9.59
Price spread: −0.127% → 0.000%: −$12.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$17.09
Costs to cover: 0.140%
Break-even: 19.5 days

Slippage unknown: Phemex: live order book, 4 min ago; Vest: 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, 4 min ago	1.77 bp	43.7 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0632%	4h	339.09	−0.022%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.12	−0.015%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.10	−0.021%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.15	−0.006%	$22.3M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.17	0.000%	$6.1M	$25.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	−0.035%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.87	−0.088%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.17	0.000%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	−0.012%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.06	−0.033%	$14K	$510K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.15	−0.006%	$943	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.91	−0.077%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.27	+0.029%	$53K	$223K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.17	long leg	$2.1M	$7K	10x
BloFin AAPL-USDT	+0.0003%	8h	339.07	−0.029%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.97	−0.058%	$768K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	−0.047%	$971K	$3.8M	20x	as long as short
Vest AAPL-USD-PERPshort	+0.0046%	1h	338.74	−0.127%	—	$53K	25x
QFEX AAPL-USD	+0.0049%	1h	339.07	−0.029%	$3.2M	$5.0M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.100%	$264K	$392K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.06	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.76	−0.121%	$1.5M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.81	−0.106%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.133%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.98	−0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.038%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.04	−0.038%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0150%	1h	338.79	−0.112%	$556K	$35K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.041%	$660K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.46	+0.086%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.02	−0.044%	$2K	$11K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0309%	1h	339.05	−0.035%	$41.0M	$77.1M	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.03	−0.041%	$270K	$70K	20x	as long as short