Funding you earn now, next payment 04:00 UTC+0.0236%/8h= +25.9% APRpaid last 24h +0.026%
Price spread now: Phoenix against Variational Omni−0.004%69s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds 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. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AAPL | 339.27 | 0 | get 0.0000% / 8h | 3h 08m | $2.4M | $1.4M | — |
| Short | Phoenix AAPL | 339.26 | 0.0236 | get 0.0030% / 1h | 8m 07s | $5K | $11K | 20x |
Variational Omni AAPL
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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: −0.004% → 0.000%
- −$0.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $42.14
- Costs to cover
- 0.070%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 1 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 1 min ago | 2.03 bp | doesn't fit | 6.5 bp −$65 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0104% | 1h | 339.09 | −0.055% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0095% | 1h | 339.19 | −0.025% | $555K | $38K | 20x | as long as short |
| edgeX AAPLUSDC | −0.0014% | 4h | 339.25 | −0.009% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.26 | −0.005% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.17 | −0.031% | $278K | $1.4M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.26 | −0.004% | $22.0M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.18 | −0.028% | $5.8M | $71.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.28 | +0.001% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.98 | −0.087% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.28 | +0.001% | $6.2M | $3.5M | 100x | as long as short |
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
edgeX AAPLUSDC
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 AAPLlong | 0.0000% | 8h | 339.27 | long leg | $2.4M | $1.4M | — | |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.27 | −0.001% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.26 | −0.004% | $774 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.38 | +0.031% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.34 | +0.019% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0019% | 8h | 339.21 | −0.019% | $340K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.14 | −0.040% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.15 | −0.037% | $802K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.15 | −0.037% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.07 | −0.060% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.10 | −0.052% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.14 | −0.040% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.13 | −0.043% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.15 | −0.037% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.91 | −0.108% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 339.12 | −0.046% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.26 | −0.004% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.21 | −0.019% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.12 | −0.046% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.14 | −0.039% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0160% | 1h | 339.13 | −0.043% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.066% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLshort | +0.0236% | 1h | 339.26 | −0.004% | $5K | $11K | 20x |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
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
Hotstuff AAPL-PERP
Injective AAPL/USDC PERP