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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.025%
Price spread now: Phoenix against ApeX Omni+0.071%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.071% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAPLUSDT339.220.0100pay 0.0013% / 1h44m 07s$948K$11.0M50x
ShortPhoenix AAPL339.460.0283get 0.0035% / 1h44m 07s$5K$12K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. 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
$38.39
Price spread: +0.071% → 0.000%
$7.08
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$28.46
Costs to cover
0.170%
Break-even
1.8 days
Slippage unknown: ApeX Omni: live order book, 3 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 ApeX Omni live order book, 3 min ago2.36 bp7.4 bp −$79.0 bp −$90doesn'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 exchanges

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−0.0620%4h339.29+0.021%$81K$328K20xas long as short
BloFin AAPL-USDT−0.0027%8h339.52+0.088%$353K$166K20xas long as short
Nado AAPL-PERP−0.0015%1h339.50+0.082%$556K$28K20xas long as short
Aster AAPLUSDT0.0000%8h339.48+0.076%$121K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.48+0.076%$285K$2.2M10xas long as short
Binance AAPLUSDT0.0000%8h339.60+0.112%$22.1M$67.3M25xas long as short
Bybit AAPLUSDT0.0000%8h339.51+0.085%$6.1M$286.8M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.49+0.080%$6.3M$6.7M25xas long as short
Gate AAPL_USDT0.0000%8h339.34+0.035%$3.0M$7.4M100xas long as short
Bitget AAPLUSDT0.0000%8h339.58+0.106%$6.2M$3.5M100xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.44+0.066%$2.5M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.48+0.077%$20K$350K10xas long as short
SunX AAPL-USDT0.0000%8h339.58+0.106%$761$4.1M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.47+0.074%$28K$68K10xas long as short
HTX AAPL-USDT0.0000%8h339.68+0.136%$62K$241K30xas long as short
Phemex AAPLUSDT0.0000%4h339.46+0.071%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0023%1h339.47+0.074%$3.3M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.53+0.092%$924K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h339.53+0.091%$1.0M$3.0M20xas long as short
Arcus AAPL-USD+0.0040%1h339.35+0.038%$267K$48K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.37+0.044%$45K25xas long as short
Hotstuff AAPL-PERP+0.0048%1h339.35+0.038%$36K20xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.48+0.077%$40.5M$76.7M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.46+0.071%$269K$356K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.47+0.074%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.27+0.015%$1.3M$2.2M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.27+0.015%$1.4M$214K20xas long as short
ApeX Omni AAPLUSDTlong+0.0100%1h339.22long leg$948K$11.0M50x
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.44+0.065%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.38+0.049%$11K$10210xas long as short
Coinbase International AAPL-PERP-INTX+0.0128%1h339.31+0.027%$659K$630K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.83+0.180%$191K$44K30xas long as short
Phoenix AAPLshort+0.0283%1h339.46+0.071%$5K$12K20x