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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.033%
Price spread now: Phoenix against tradeXYZ+0.065%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 fees+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.065% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:AAPL339.740.0050pay 0.0006% / 1h4m 34s$40.6M$76.2M20x
ShortPhoenix AAPL339.960.0259get 0.0032% / 1h4m 34s$5K$12K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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
$43.88
Price spread: +0.065% → 0.000%
$6.48
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$25.35
Costs to cover
0.250%
Break-even
3.0 days
Slippage unknown: tradeXYZ: live order book, 5 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 5 min ago0.29 bp10.2 bp −$1012.7 bp −$127doesn't fitdoesn't fit
Sell Phoenix no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0565%4h339.79+0.015%$81K$327K20xas long as short
Nado AAPL-PERP−0.0142%1h339.70−0.011%$556K$37K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.61−0.038%$28K$69K10xas long as short
Hotstuff AAPL-PERP−0.0048%1h339.76+0.006%$36K20xas long as short
Aster AAPLUSDT0.0000%8h339.73−0.002%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.75+0.002%$286K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.84+0.028%$22.1M$67.3M25xas long as short
Bybit AAPLUSDT0.0000%8h339.86+0.035%$7.4M$165.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.77+0.009%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.65−0.026%$3.0M$5.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.83+0.026%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.86+0.034%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.84+0.029%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.84+0.029%$585$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.88+0.041%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.84+0.029%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0003%8h339.84+0.029%$344K$167K20xas long as short
QFEX AAPL-USD+0.0027%1h339.77+0.009%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.73−0.002%$941K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.72−0.006%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.71−0.009%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.67−0.021%$45K25xas long as short
tradeXYZ xyz:AAPLlong+0.0050%1h339.74long leg$40.6M$76.2M20x
Polymarket Perps AAPL-USD+0.0050%1h339.72−0.006%$279K$423K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.79+0.015%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.64−0.029%$1.3M$2.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.056%$660K$660K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.71−0.009%$1.4M$55K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.73−0.003%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.72−0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.75+0.004%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.67−0.021%$191K$44K30xas long as short
Phoenix AAPLshort+0.0259%1h339.96+0.065%$5K$12K20x