Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Phemex against Aster+0.045%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1321.321% of the position

Long on Aster 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)−0.047%−$5 · spread now +0.045%, 7d avg +0.012%

Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.033% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAPLUSDT	339.02	0	get 0.0000% / 8h	45m 42s	$122K	$291K	20x
Short	Phemex AAPLUSDT	339.17	0	get 0.0000% / 4h	45m 42s	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.012%: $3.29
Slippage, 4 orders: −$112.11
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$128.83
Costs to cover: 1.321%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; Phemex: live order book, 3 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 Aster live order book, 31 min ago	3.24 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.44 bp	42.9 bp −$43	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	−0.0893%	4h	339.12	+0.031%	$81K	$326K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	339.02	long leg	$122K	$291K	20x
Bybit AAPLUSDT	0.0000%	8h	339.17	+0.045%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.027%	$6.5M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.92	−0.029%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.12	+0.030%	$655	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.057%	$52K	$223K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.17	+0.045%	$2.1M	$7K	10x
GRVT AAPL_USDT_Perp	+0.0002%	8h	339.13	+0.033%	$14K	$498K	10x	as long as short
Bitget AAPLUSDT	+0.0031%	8h	339.12	+0.030%	$6.2M	$3.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	339.06	+0.012%	$964K	$3.7M	20x	as long as short
Variational Omni AAPL	+0.0034%	8h	339.17	+0.043%	$2.4M	$1.4M	—	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.079%	—	$53K	25x	as long as short
BloFin AAPL-USDT	+0.0049%	8h	339.15	+0.039%	$304K	$167K	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.93	−0.026%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	+0.004%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.82	−0.058%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.07	+0.015%	$3.2M	$5.1M	10x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	339.07	+0.015%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0073%	8h	339.13	+0.033%	$22.4M	$67.2M	25x	as long as short
Lighter AAPL	+0.0088%	1h	338.99	−0.008%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.87	−0.044%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.070%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	+0.001%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	+0.017%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0125%	1h	338.84	−0.054%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	339.03	+0.004%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.004%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0218%	1h	339.00	−0.005%	$40.9M	$76.4M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.163%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.19	+0.051%	$2K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	339.00	−0.005%	$270K	$71K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0458%	1h	339.05	+0.009%	$28K	$65K	10x	as long as short