Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.9% APRpaid last 24h −0.037%
Price spread now: Gate against Phoenix−0.106%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.106% cheaper against Phoenix than usual: you would sell low and buy high (−$11 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 | 339.40 | 0.0236 | pay 0.0030% / 1h | 10m 58s | $5K | $11K | 20x |
| Short | Gate AAPL_USDT | 339.04 | 0 | get 0.0000% / 8h | 3h 10m | $3.0M | $4.5M | 100x |
Phoenix AAPL
Gate AAPL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$49.59
- Price spread: −0.106% → 0.000%
- −$10.61
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.19
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 1.33 bp | 11.1 bp −$11 | 25.8 bp −$258 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAPL-PERP | −0.0090% | 1h | 339.15 | −0.073% | $555K | $38K | 20x | as long as short |
| edgeX AAPLUSDC | −0.0014% | 4h | 339.25 | −0.045% | $81K | $326K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0006% | 8h | 339.27 | −0.038% | $341K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.24 | −0.048% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.23 | −0.049% | $287K | $1.3M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.33 | −0.021% | $21.9M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.25 | −0.044% | $5.8M | $71.0M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.31 | −0.027% | $6.3M | $6.8M | 25x | as long as short |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 339.14 | −0.077% | $36K | — | 20x | as long as short |
| Gate AAPL_USDTshort | 0.0000% | 8h | 339.04 | −0.106% | $3.0M | $4.5M | 100x |
Nado AAPL-PERP
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Hotstuff AAPL-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.36 | −0.012% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.27 | −0.037% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.27 | −0.038% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.26 | −0.041% | $662 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.14 | −0.077% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.34 | −0.018% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.34 | −0.018% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.19 | −0.062% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.07 | −0.096% | $787K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.13 | −0.080% | $958K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.12 | −0.082% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.09 | −0.091% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.19 | −0.062% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.15 | −0.074% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.14 | −0.077% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.00 | −0.118% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 339.12 | −0.082% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.21 | −0.056% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.21 | −0.056% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.18 | −0.065% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.13 | −0.078% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.103% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLlong | +0.0236% | 1h | 339.40 | long leg | $5K | $11K | 20x |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP