Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.025%

Price spread now: Phemex against BloFin+0.006%59s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.889% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.006%, 7d avg +0.009%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour. The two prices were read 59 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	BloFin AAPL-USDT	339.72	−0.0015	get 0.0015% / 8h	1h 51m	$341K	$168K	20x
Short	Phemex AAPLUSDT	339.74	0	get 0.0000% / 4h	1h 51m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.006%Rate

Funding earned: $3.24
Price spread: +0.006% → +0.009%: −$0.28
Slippage, 4 orders: −$64.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$85.91
Costs to cover: 0.889%
Break-even: 192.4 days

Slippage from BloFin: live order book, 34 min ago; Phemex: live order book, 2 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 BloFin live order book, 34 min ago	0.15 bp	6.6 bp −$7	7.0 bp −$70	11.9 bp −$1,190	doesn't fit
Sell Phemex live order book, 2 min ago	1.77 bp	36.8 bp −$37	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	−0.0856%	4h	339.67	−0.016%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0047%	1h	339.55	−0.051%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTlong	−0.0015%	8h	339.72	long leg	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.54	−0.054%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	−0.027%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	0.000%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.68	−0.012%	$7.0M	$104.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.68	−0.012%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.46	−0.077%	$3.0M	$4.9M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.77	+0.015%	$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	339.65	−0.019%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	−0.006%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.71	−0.003%	$897	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.81	+0.026%	$62K	$245K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.74	+0.006%	$2.1M	$7K	10x
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	339.58	−0.041%	$28K	$68K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.59	−0.038%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	−0.015%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.050%	$660K	$657K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.57	−0.045%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.58	−0.041%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.58	−0.041%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.48	−0.071%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.61	−0.032%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	−0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.071%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0098%	1h	339.65	−0.021%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.42	−0.088%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.45	−0.079%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.58	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.59	−0.038%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.74	+0.006%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.06	+0.100%	$191K	$44K	30x	as long as short