Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0259%/8h= −28.4% APRpaid last 24h −0.045%

Price spread now: Aster against Phoenix−0.058%105s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAPL	339.96	0.0259	pay 0.0032% / 1h	1m 42s	$5K	$12K	20x
Short	Aster AAPLUSDT	339.76	0	get 0.0000% / 8h	1m 42s	$121K	$294K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$54.38
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$75.19
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 35 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster live order book, 35 min ago	3.09 bp	15.1 bp −$15	189.1 bp −$1,891	doesn't fit	doesn't fit

Phoenix: 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	−0.0565%	4h	339.79	−0.050%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0250%	1h	339.64	−0.094%	$28K	$69K	10x	as long as short
Nado AAPL-PERP	−0.0139%	1h	339.83	−0.038%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0012%	8h	339.83	−0.038%	$344K	$167K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	339.76	−0.058%	$121K	$294K	20x
Extended AAPL_24_5-USD	0.0000%	1h	339.79	−0.050%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.87	−0.027%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.92	−0.012%	$6.1M	$168.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.78	−0.053%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.77	−0.056%	$36K	—	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AAPL_USDT	0.0000%	8h	339.67	−0.085%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.88	−0.024%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	−0.031%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.84	−0.036%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.88	−0.024%	$537	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.96	0.000%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.84	−0.035%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.81	−0.044%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.88	−0.025%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.84	−0.035%	$956K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.73	−0.068%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.69	−0.079%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.82	−0.041%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.065%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.82	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.68	−0.082%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.121%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.72	−0.071%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.068%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.77	−0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.79	−0.051%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.67	−0.085%	$191K	$44K	30x	as long as short
Phoenix AAPLlong	+0.0259%	1h	339.96	long leg	$5K	$12K	20x