Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Phemex against Ondo Perps+0.074%7-day average +0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.074%, 7d avg +0.105%
=Together, before fees−0.102%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.105%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps AAPL-USD.P | 338.51 | 0.0050 | pay 0.0006% / 1h | 22m 15s | $1.4M | $2.4M | 20x |
| Short | Phemex AAPLUSDT | 338.76 | 0 | get 0.0000% / 4h | 3h 22m | $2.1M | $6K | 10x |
Ondo Perps AAPL-USD.P
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Ondo Perps. 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
- −$10.58
- Price spread: +0.074% → +0.105%
- −$3.14
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.72
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 1 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 1.77 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
Ondo Perps: 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 | −0.0622% | 4h | 338.78 | +0.079% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0017% | 1h | 338.55 | +0.011% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.76 | +0.072% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.74 | +0.068% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.74 | +0.068% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.51 | 0.000% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.87 | +0.108% | $17K | $489K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.73 | +0.065% | $434 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.88 | +0.109% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 338.76 | +0.074% | $2.1M | $6K | 10x |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AAPL-PERP | +0.0024% | 1h | 338.65 | +0.041% | $36K | — | 20x | as long as short |
| Bitget AAPLUSDT | +0.0029% | 8h | 338.74 | +0.068% | $6.2M | $3.4M | 100x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.61 | +0.030% | $770K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.67 | +0.047% | $956K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.40 | −0.032% | — | $47K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.62 | +0.032% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.47 | −0.012% | $263K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.63 | +0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.Plong | +0.0050% | 1h | 338.51 | long leg | $1.4M | $2.4M | 20x | |
| QFEX AAPL-USD | +0.0059% | 1h | 338.67 | +0.047% | $3.2M | $5.0M | 10x | as long as short |
| Variational Omni AAPL | +0.0083% | 8h | 338.82 | +0.093% | $2.4M | $1.4M | — | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.61 | +0.030% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.63 | +0.035% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.62 | +0.032% | $4K | — | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0104% | 1h | 338.66 | +0.045% | $286K | $2.2M | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.65 | +0.042% | $10K | — | 10x | as long as short |
| Binance AAPLUSDT | +0.0106% | 8h | 338.74 | +0.068% | $22.2M | $66.7M | 25x | as long as short |
| BloFin AAPL-USDT | +0.0126% | 8h | 338.83 | +0.095% | $347K | $169K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0134% | 1h | 338.63 | +0.035% | $28K | $66K | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.63 | +0.035% | $656K | $668K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.58 | +0.021% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.90 | +0.115% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.69 | +0.053% | $269K | $70K | 20x | as long as short |
Hotstuff AAPL-PERP
Bitget AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
QFEX AAPL-USD
Variational Omni AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Extended AAPL_24_5-USD
Aevo AAPL-PERP
Binance AAPLUSDT
BloFin AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD