Funding you earn now, next payment 23:00 UTC+0.0202%/8h= +22.1% APRnext payment +$0.25 per $10,000 · paid last 24h +0.036%
Price spread now: Phoenix against Hotstuff+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.021% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff AAPL-PERP | 339.02 | 0.0128 | pay 0.0016% / 1h | 45m 21s | $36K | — | 20x |
| Short | Phoenix AAPL | 339.09 | 0.0330 | get 0.0041% / 1h | 45m 21s | $2K | $8K | 20x |
Hotstuff AAPL-PERP
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hotstuff. 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
- $42.47
- Price spread: +0.021% → 0.000%
- $2.06
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $32.54
- Costs to cover
- 0.120%
- Break-even
- 1.6 days
Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Hotstuff and 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0893% | 4h | 339.12 | +0.030% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.007% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.044% | $6.0M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.11 | +0.027% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.91 | −0.032% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.12 | +0.029% | $661 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.21 | +0.056% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.044% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0002% | 8h | 339.13 | +0.032% | $14K | $498K | 10x | as long as short |
| Bitget AAPLUSDT | +0.0031% | 8h | 339.14 | +0.035% | $6.2M | $3.4M | 100x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.06 | +0.012% | $964K | $3.7M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.73 | −0.086% | — | $53K | 25x | as long as short |
| Variational Omni AAPL | +0.0048% | 8h | 339.13 | +0.034% | $2.4M | $1.4M | — | as long as short |
| BloFin AAPL-USDT | +0.0049% | 8h | 339.15 | +0.038% | $304K | $167K | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.93 | −0.027% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.02 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.82 | −0.059% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.07 | +0.015% | $3.2M | $5.1M | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0072% | 1h | 339.07 | +0.014% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | +0.0073% | 8h | 339.13 | +0.032% | $22.4M | $67.2M | 25x | as long as short |
| Lighter AAPL | +0.0088% | 1h | 338.99 | −0.009% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.86 | −0.047% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.84 | −0.053% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.02 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.07 | +0.016% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0126% | 1h | 338.81 | −0.063% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERPlong | +0.0128% | 1h | 339.02 | long leg | $36K | — | 20x | |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.003% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0219% | 1h | 339.01 | −0.003% | $40.9M | $76.4M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.162% | $191K | $44K | 30x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0281% | 1h | 338.99 | −0.009% | $28K | $65K | 10x | as long as short |
| Phoenix AAPLshort | +0.0330% | 1h | 339.09 | +0.021% | $2K | $8K | 20x | |
| Arcus AAPL-USD | +0.0397% | 1h | 339.00 | −0.006% | $270K | $71K | 20x | as long as short |
Lighter RH AAPL
Vest AAPL-USD-PERP
Variational Omni AAPL
BloFin AAPL-USDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Extended AAPL_24_5-USD
Binance AAPLUSDT
Lighter AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Nado AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Deribit AAPL_USDC-PERPETUAL
Arcus AAPL-USD