Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.059% dearer against Vest than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest AAPL-USD-PERP	338.65	0.0046	pay 0.0006% / 1h	7m 08s	—	$45K	25x
Short	Phemex AAPLUSDT	338.85	0	get 0.0000% / 4h	1h 07m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$9.59
Price spread: +0.059% → 0.000%: $5.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$17.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 1 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	1.92 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit

Vest: 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	−0.0866%	4h	338.79	+0.041%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0045%	1h	338.59	−0.018%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0043%	1h	338.72	+0.021%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	+0.058%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.80	+0.044%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.89	+0.071%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.88	+0.068%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.91	+0.077%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.61	−0.012%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.97	+0.094%	$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	338.81	+0.046%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.83	+0.053%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.85	+0.059%	$505	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.96	+0.092%	$52K	$224K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	338.85	+0.059%	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0013%	1h	338.83	+0.053%	$3.2M	$4.8M	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	338.77	+0.035%	$36K	—	20x	as long as short
BloFin AAPL-USDT	+0.0016%	8h	338.89	+0.071%	$342K	$169K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.75	+0.030%	$777K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.77	+0.035%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.74	+0.027%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERPlong	+0.0046%	1h	338.65	long leg	—	$45K	25x
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	+0.038%	$659K	$672K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.60	−0.015%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	+0.044%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.54	−0.032%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0072%	1h	338.81	+0.047%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.77	+0.035%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.64	−0.003%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.73	+0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.74	+0.026%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.60	−0.015%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.83	+0.053%	$5K	$11K	20x	as long as short