Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.048%

Price spread now: Phoenix against Aster+0.043%65s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Phoenix

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.043% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAPLUSDT	340.01	0	get 0.0000% / 8h	7h 32m	$121K	$294K	20x
Short	Phoenix AAPL	340.16	0.0212	get 0.0026% / 1h	32m 24s	$5K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.043%Rate

Funding earned: $44.48
Price spread: +0.043% → 0.000%: $4.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.8
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 65 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 65 min ago	3.09 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0816%	4h	340.08	+0.019%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0029%	8h	340.05	+0.011%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0022%	1h	339.93	−0.025%	$556K	$36K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	340.01	long leg	$121K	$294K	20x
Extended AAPL_24_5-USD	0.0000%	1h	339.92	−0.026%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.02	+0.001%	$22.2M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.07	+0.017%	$6.4M	$194.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.98	−0.010%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.85	−0.048%	$3.0M	$5.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.04	+0.008%	$6.2M	$3.5M	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	340.15	+0.042%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	340.17	+0.046%	$22K	$363K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.05	+0.011%	$833	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.93	−0.025%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.16	+0.043%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.14	+0.037%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.88	−0.039%	$3.2M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	340.14	+0.037%	$662K	$660K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.98	−0.009%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	−0.016%	$971K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.91	−0.030%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.88	−0.039%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.89	−0.036%	$40.4M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.84	−0.051%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.89	−0.036%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.86	−0.045%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.96	−0.016%	$1.4M	$79K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.98	−0.010%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.96	−0.016%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.96	−0.015%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0160%	1h	339.88	−0.039%	$36K	—	20x	as long as short
Phoenix AAPLshort	+0.0212%	1h	340.16	+0.043%	$5K	$12K	20x
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.231%	$192K	$44K	30x	as long as short