Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against SunX+0.047%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1831.829% of the position

Long on SunX 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 4 days (all we have)−0.022%−$2 · spread now +0.047%, 7d avg +0.017%

Together, before fees−0.022%−$2 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 0.030% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.58	0	get 0.0000% / 8h	54m 47s	$581	$4.5M	20x
Short	Phemex AAPLUSDT	339.74	0	get 0.0000% / 4h	54m 47s	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.017%: $2.98
Slippage, 4 orders: −$162.86
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$179.88
Costs to cover: 1.829%
Break-even: never at this rate

Slippage from SunX: live order book, 4 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 SunX live order book, 4 min ago	44.90 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.36 bp	40.6 bp −$41	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	−0.0147%	4h	339.54	−0.013%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0124%	1h	339.52	−0.018%	$555K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.57	−0.003%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.64	+0.018%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.60	+0.006%	$291K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.68	+0.029%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.67	+0.027%	$6.1M	$130.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.63	+0.015%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.46	−0.035%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.69	+0.032%	$6.2M	$3.6M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.60	+0.004%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.64	+0.017%	$16K	$402K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.58	long leg	$581	$4.5M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.42	−0.047%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.75	+0.050%	$62K	$245K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.74	+0.047%	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0027%	1h	339.56	−0.006%	$3.3M	$4.3M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.62	+0.012%	$941K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.61	+0.009%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.53	−0.015%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.47	−0.032%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.60	+0.006%	$40.6M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.51	−0.021%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.55	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.43	−0.044%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.009%	$660K	$661K	10x	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	339.57	−0.003%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.48	−0.029%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.032%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.53	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.52	−0.017%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.73	+0.044%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.38	−0.059%	$191K	$44K	30x	as long as short