Funding you earn now, next payment 12:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.014%
Price spread now: Phemex against BloFin+0.006%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.006%, 7d avg +0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AAPL-USDT | 339.97 | 0.0005 | pay 0.0005% / 8h | 6h 56m | $346K | $166K | 20x |
| Short | Phemex AAPLUSDT | 339.99 | 0 | get 0.0000% / 4h | 2h 56m | $2.1M | $7K | 10x |
BloFin AAPL-USDT
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$1.03
- Price spread: +0.006% → +0.009%
- −$0.28
- Slippage, 4 orders
- −$78.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.59
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 min ago; Phemex: live order book, 2 min ago.
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 BloFin live order book, 14 min ago | 0.59 bp | 6.6 bp −$7 | 7.1 bp −$71 | 19.4 bp −$1,938 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.76 bp | 47.5 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0832% | 4h | 339.96 | −0.003% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0036% | 1h | 339.83 | −0.041% | $556K | $35K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.92 | −0.016% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.84 | −0.040% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.86 | −0.033% | $22.1M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.90 | −0.021% | $6.3M | $230.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.89 | −0.024% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.66 | −0.091% | $3.0M | $6.8M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.92 | −0.015% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 340.00 | +0.007% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.99 | +0.007% | $22K | $345K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.01 | +0.012% | $551 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.83 | −0.041% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.07 | +0.029% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 339.99 | +0.006% | $2.1M | $7K | 10x | |
| BloFin AAPL-USDTlong | +0.0005% | 8h | 339.97 | long leg | $346K | $166K | 20x | |
| QFEX AAPL-USD | +0.0031% | 1h | 339.89 | −0.024% | $3.3M | $4.3M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.88 | −0.028% | $928K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.87 | −0.029% | $986K | $3.1M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.70 | −0.079% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.89 | −0.024% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.84 | −0.038% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.89 | −0.024% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.68 | −0.085% | $1.3M | $2.2M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0051% | 1h | 339.80 | −0.050% | $40.4M | $76.7M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0056% | 1h | 339.97 | 0.000% | $661K | $654K | 10x | as long as short |
| Arcus AAPL-USD | +0.0082% | 1h | 339.82 | −0.044% | $267K | $60K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.72 | −0.074% | $1.4M | $103K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.86 | −0.032% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.85 | −0.035% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.82 | −0.044% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.97 | 0.000% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.35 | +0.112% | $192K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Arcus AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP