Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.035% dearer against Vest than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest AAPL-USD-PERP	339.68	0.0046	pay 0.0006% / 1h	6m 44s	—	$45K	25x
Short	Phemex AAPLUSDT	339.80	0	get 0.0000% / 4h	6m 44s	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$9.59
Price spread: +0.035% → 0.000%: $3.53
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	0.88 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit

Vest: 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	−0.0191%	4h	339.74	+0.018%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0144%	1h	339.75	+0.020%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.63	−0.015%	$28K	$69K	10x	as long as short
BloFin AAPL-USDT	−0.0007%	8h	339.82	+0.041%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.75	+0.020%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.75	+0.020%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.044%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.80	+0.035%	$6.2M	$163.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	+0.026%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	−0.009%	$3.0M	$5.6M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.84	+0.047%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.77	+0.028%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	+0.041%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.82	+0.041%	$506	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.96	+0.082%	$62K	$245K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.80	+0.035%	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0027%	1h	339.75	+0.021%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.78	+0.031%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	+0.024%	$949K	$3.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	339.77	+0.026%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.70	+0.006%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERPlong	+0.0046%	1h	339.68	long leg	—	$45K	25x
tradeXYZ xyz:AAPL	+0.0050%	1h	339.77	+0.026%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.73	+0.015%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.79	+0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.59	−0.026%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.038%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.69	+0.003%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.65	−0.009%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.72	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	+0.011%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	−0.021%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.85	+0.050%	$5K	$12K	20x	as long as short