Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0236%/8h= −25.9% APRpaid last 24h −0.028%
Price spread now: OKX against Phoenix+0.012%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix AAPL339.210.0236pay 0.0030% / 1h20m 57s$5K$11K20x
ShortOKX AAPL-USDT-SWAP339.250get 0.0000% / 8h6h 20m$6.3M$6.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$49.59
Price spread: +0.012% → 0.000%
$1.18
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$65.41
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell OKX live order book, 2 min ago0.15 bp5.6 bp −$611.0 bp −$110doesn't fitdoesn'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 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0955%4h339.05−0.049%$81K$326K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0281%1h338.93−0.083%$28K$67K10xas long as short
Nado AAPL-PERP−0.0072%1h339.16−0.014%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.18−0.010%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.25+0.012%$6.0M$39.3M100xas long as short
OKX AAPL-USDT-SWAPshort0.0000%8h339.25+0.012%$6.3M$6.7M25x
Gate AAPL_USDT0.0000%8h338.99−0.065%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.18−0.009%$6.2M$3.5M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.06−0.043%$17K$433K10xas long as short
SunX AAPL-USDT0.0000%8h339.18−0.009%$465$4.7M20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX AAPL-USDT0.0000%8h339.27+0.018%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.22+0.003%$2.1M$6K10xas long as short
Variational Omni AAPL+0.0012%8h339.19−0.007%$2.4M$1.4Mas long as short
QFEX AAPL-USD+0.0028%1h339.07−0.041%$3.2M$4.9M10xas long as short
Lighter AAPL+0.0032%1h339.07−0.042%$743K$2.3M20xas long as short
Lighter RH AAPL+0.0032%1h339.09−0.035%$950K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h338.99−0.065%$270K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.05−0.047%$45K25xas long as short
Binance AAPLUSDT+0.0047%8h339.20−0.002%$22.3M$66.9M25xas long as short
Extended AAPL_24_5-USD+0.0048%1h339.11−0.030%$288K$2.0M10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.85−0.106%$262K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.14−0.021%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.92−0.085%$1.4M$2.5M20xas long as short
tradeXYZ xyz:AAPL+0.0062%1h339.14−0.021%$40.8M$75.7M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.99−0.065%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.00−0.062%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.11−0.029%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.10−0.032%$11K10xas long as short
Coinbase International AAPL-PERP-INTX+0.0136%1h338.51−0.206%$655K$665K10xas long as short
Hotstuff AAPL-PERP+0.0152%1h339.14−0.021%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.92−0.085%$191K$44K30xas long as short
Phoenix AAPLlong+0.0236%1h339.21long leg$5K$11K20x