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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.049%
Price spread now: Phoenix against Injective−0.109%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. Phoenix is 0.109% cheaper against Injective than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.7 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective AAPL/USDC PERP339.660.0220pay 0.0028% / 1h45m 52s$191K$44K30x
ShortPhoenix AAPL339.290.0354get 0.0044% / 1h45m 52s$2K$11K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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
$28.11
Price spread: −0.109% → 0.000%
−$10.89
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$10.2
Costs to cover
0.070%
Break-even
4.5 days
Slippage unknown: Injective: live order book, 38 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 Injective live order book, 38 min ago10.03 bp10.0 bp −$1010.0 bp −$10057595.0 bp −$5.76M327974.4 bp −$163.99M
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 venues

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−0.0903%4h339.25−0.121%$81K$326K20xas long as short
Aster AAPLUSDT0.0000%8h339.14−0.153%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.08−0.170%$284K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.15−0.150%$22.3M$67.5M25xas long as short
Bybit AAPLUSDT0.0000%8h339.17−0.144%$6.1M$31.0M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.05−0.180%$6.6M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h338.87−0.233%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.11−0.162%$6.2M$3.4M100xas long as short
Variational Omni AAPL0.0000%8h339.29−0.110%$2.4M$1.5Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.22−0.128%$14K$498K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX AAPL-USDT0.0000%8h339.10−0.165%$773$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.23−0.127%$53K$223K30xas long as short
Phemex AAPLUSDT0.0000%4h339.19−0.138%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0011%8h339.13−0.156%$352K$168K20xas long as short
Lighter RH AAPL+0.0032%1h339.04−0.183%$968K$3.8M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.82−0.247%$53K25xas long as short
Lighter AAPL+0.0048%1h339.01−0.192%$768K$2.5M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.92−0.218%$265K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.99−0.197%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.70−0.283%$1.5M$2.4M20xas long as short
QFEX AAPL-USD+0.0059%1h339.04−0.183%$3.2M$5.1M10xas long as short
Hotstuff AAPL-PERP+0.0088%1h339.00−0.194%$36K20xas long as short
Nado AAPL-PERP+0.0094%1h338.85−0.240%$556K$35K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.84−0.241%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.87−0.233%$947K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.00−0.194%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.05−0.180%$11K10xas long as short
Coinbase International AAPL-PERP-INTX+0.0184%1h338.93−0.215%$659K$675K10xas long as short
tradeXYZ xyz:AAPL+0.0198%1h339.00−0.194%$40.9M$77.0M20xas long as short
Injective AAPL/USDC PERPlong+0.0220%1h339.66long leg$191K$44K30x
Phoenix AAPLshort+0.0354%1h339.29−0.109%$2K$11K20x
Arcus AAPL-USD+0.0364%1h339.01−0.191%$270K$70K20xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0429%1h339.07−0.174%$28K$65K10xas long as short