Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against HTX−0.041%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.041%, 7d avg −0.005%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.037% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.09	0	get 0.0000% / 8h	6h 39m	$52K	$225K	30x
Short	Phemex AAPLUSDT	338.95	0	get 0.0000% / 4h	2h 39m	$2.1M	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.005%: −$3.67
Slippage, 4 orders: −$79.15
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$106.82
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; Phemex: live order book, 4 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 HTX live order book, 27 min ago	2.80 bp	8.8 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.33 bp	45.2 bp −$45	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	−0.0989%	4h	338.90	−0.055%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	338.78	−0.092%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.031%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.04	−0.015%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.006%	$6.4M	$6.7M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.84	−0.074%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.086%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.04	−0.015%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.87	−0.064%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.97	−0.035%	$800	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDTlong	0.0000%	8h	339.09	long leg	$52K	$225K	30x
Phemex AAPLUSDTshort	0.0000%	4h	338.95	−0.041%	$2.1M	$6K	10x
QFEX AAPL-USD	+0.0028%	1h	338.92	−0.050%	$3.2M	$4.9M	10x	as long as short
Variational Omni AAPL	+0.0031%	8h	338.95	−0.040%	$2.4M	$1.4M	—	as long as short
Lighter AAPL	+0.0032%	1h	338.87	−0.065%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.91	−0.053%	$954K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.85	−0.071%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.71	−0.112%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.66	−0.127%	$261K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.91	−0.053%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.053%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.77	−0.094%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0063%	8h	339.06	−0.009%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.92	−0.051%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0097%	1h	338.92	−0.050%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.72	−0.109%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.118%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.86	−0.068%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.85	−0.070%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	338.93	−0.047%	$28K	$67K	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.171%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.112%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.95	−0.041%	$5K	$11K	20x	as long as short