Funding you earn now, next payment 23:00 UTC−0.1249%/8h= −136.8% APRpaid last 24h −0.161%
Price spread now: edgeX against Phoenix−0.042%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and edgeX is 0.042% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAPL | 339.13 | 0.0330 | pay 0.0041% / 1h | 55m 53s | $5K | $8K | 20x |
| Short | edgeX AAPLUSDC | 338.99 | −0.0919 | pay 0.0459% / 4h | 3h 55m | $81K | $327K | 20x |
Phoenix AAPL
edgeX AAPLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$262.27
- Price spread: −0.042% → 0.000%
- −$4.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$282.45
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 17 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 edgeX live order book, 17 min ago | 5.31 bp | 10.5 bp −$10 | 18.2 bp −$182 | 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 AAPLUSDCshort | −0.0919% | 4h | 338.99 | −0.042% | $81K | $327K | 20x | |
| Nado AAPL-PERP | −0.0118% | 1h | 338.93 | −0.058% | $557K | $36K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.041% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.03 | −0.029% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.98 | −0.044% | $6.5M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.75 | −0.112% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.98 | −0.044% | $749 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.92 | −0.062% | $28K | $66K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.08 | −0.015% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.04 | −0.027% | $2.1M | $6K | 10x | as long as short |
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | +0.0023% | 8h | 339.04 | −0.027% | $13K | $490K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.88 | −0.073% | $771K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.92 | −0.062% | $957K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.73 | −0.118% | — | $53K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.90 | −0.068% | $40.8M | $76.3M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.83 | −0.088% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.90 | −0.068% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.62 | −0.150% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.91 | −0.065% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0064% | 1h | 338.92 | −0.062% | $36K | — | 20x | as long as short |
| Bitget AAPLUSDT | +0.0087% | 8h | 339.01 | −0.035% | $6.2M | $3.4M | 100x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.73 | −0.118% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.80 | −0.097% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.91 | −0.065% | $4K | — | 10x | as long as short |
| Variational Omni AAPL | +0.0104% | 8h | 338.99 | −0.043% | $2.4M | $1.4M | — | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.05 | −0.024% | $11K | — | 10x | as long as short |
| Binance AAPLUSDT | +0.0124% | 8h | 338.99 | −0.041% | $22.3M | $67.0M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0128% | 1h | 338.93 | −0.059% | $285K | $1.5M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0145% | 8h | 339.00 | −0.038% | $346K | $170K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | −0.029% | $660K | $675K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.80 | −0.097% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLlong | +0.0330% | 1h | 339.13 | long leg | $5K | $8K | 20x | |
| Arcus AAPL-USD | +0.0406% | 1h | 338.86 | −0.080% | $269K | $70K | 20x | as long as short |
GRVT AAPL_USDT_Perp
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Hotstuff AAPL-PERP
Bitget AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Variational Omni AAPL
Aevo AAPL-PERP
Binance AAPLUSDT
Extended AAPL_24_5-USD
BloFin AAPL-USDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Arcus AAPL-USD