Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against SunX+0.041%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1901.901% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.041%, 7d avg +0.018%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	338.83	0	get 0.0000% / 8h	3h 51m	$708	$4.6M	20x
Short	Phemex AAPLUSDT	338.97	0	get 0.0000% / 4h	3h 51m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.018%: $2.34
Slippage, 4 orders: −$170.1
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$187.75
Costs to cover: 1.901%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Phemex: live order book, 1 min ago.

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 SunX live order book, 7 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.62 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit

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	−0.0911%	4h	338.79	−0.012%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0222%	1h	338.50	−0.097%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0121%	1h	338.72	−0.032%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.74	−0.027%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.73	−0.030%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.84	+0.002%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.78	−0.015%	$7.2M	$56.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.87	+0.012%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.59	−0.071%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.94	+0.032%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	338.83	+0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.81	−0.006%	$16K	$411K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	338.83	long leg	$708	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	338.92	+0.027%	$53K	$225K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	338.97	+0.041%	$2.1M	$7K	10x
BloFin AAPL-USDT	+0.0013%	8h	338.86	+0.009%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.80	−0.009%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.69	−0.040%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.69	−0.041%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.032%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.68	−0.044%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.68	−0.044%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.70	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.053%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.69	−0.041%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.015%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.57	−0.077%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.041%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.71	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.70	−0.039%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.66	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.80	−0.009%	$5K	$11K	20x	as long as short