Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against tradeXYZ−0.021%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 −$2 a day on $10k at the current rate, and Deribit is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 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 | tradeXYZ xyz:AAPL | 339.74 | 0.0050 | pay 0.0006% / 1h | 10m 34s | $40.6M | $76.2M | 20x |
| Short | Deribit AAPL_USDC-PERPETUAL | 339.67 | 0 | get 0.0000% / 1h | 10m 34s | $28K | $69K | 10x |
tradeXYZ xyz:AAPL
Deribit AAPL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- −$10.5
- Price spread: −0.021% → 0.000%
- −$2.06
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.56
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 9 min ago; Deribit: no order-book sample. 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 tradeXYZ live order book, 9 min ago | 0.44 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0968% | 4h | 339.81 | +0.020% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0146% | 1h | 339.75 | +0.003% | $556K | $37K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0002% | 8h | 339.82 | +0.024% | $344K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.76 | +0.005% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.72 | −0.005% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.81 | +0.019% | $22.1M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.79 | +0.015% | $6.2M | $160.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.77 | +0.009% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.62 | −0.035% | $3.0M | $5.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.82 | +0.024% | $6.2M | $3.6M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.77 | +0.010% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.82 | +0.024% | $13K | $357K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.77 | +0.009% | $605 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUALshort | 0.0000% | 1h | 339.67 | −0.021% | $28K | $69K | 10x | |
| HTX AAPL-USDT | 0.0000% | 8h | 339.88 | +0.041% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.78 | +0.012% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 339.74 | 0.000% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.75 | +0.003% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.76 | +0.005% | $942K | $2.7M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.75 | +0.003% | $949K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.69 | −0.015% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.66 | −0.024% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0050% | 1h | 339.74 | long leg | $40.6M | $76.2M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.72 | −0.006% | $279K | $423K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.71 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.57 | −0.050% | $1.3M | $2.3M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.056% | $660K | $660K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.63 | −0.032% | $1.4M | $55K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.73 | −0.003% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.67 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.68 | −0.017% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.61 | −0.038% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.84 | +0.029% | $5K | $12K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Hotstuff AAPL-PERP
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
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
Phoenix AAPL