Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Phemex against Extended+0.045%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.045%, 7d avg +0.042%

Together, before fees−0.019%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	339.50	0	get 0.0000% / 1h	2m 56s	$285K	$2.1M	10x
Short	Phemex AAPLUSDT	339.65	0	get 0.0000% / 4h	1h 02m	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.042%: $0.27
Slippage, 4 orders: −$69.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$85.83
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 4 min ago	0.15 bp	3.8 bp −$4	14.7 bp −$147	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.33 bp	42.5 bp −$43	doesn't fit	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	339.45	−0.014%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0642%	4h	339.57	+0.020%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.49	−0.002%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USDlong	0.0000%	1h	339.50	long leg	$285K	$2.1M	10x
Binance AAPLUSDT	0.0000%	8h	339.60	+0.031%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.47	−0.008%	$6.8M	$283.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.55	+0.015%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.45	−0.014%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.62	+0.036%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.046%	$2.5M	$1.3M	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.036%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.59	+0.027%	$696	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.50	+0.001%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.62	+0.036%	$62K	$241K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.65	+0.045%	$2.1M	$7K	10x
BloFin AAPL-USDT	0.0000%	8h	339.63	+0.039%	$349K	$165K	20x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.57	+0.021%	$3.3M	$4.2M	10x	as long as short
Nado AAPL-PERP	+0.0027%	1h	339.50	+0.002%	$556K	$28K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.56	+0.018%	$1.0M	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.41	−0.026%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.45	−0.014%	—	$45K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.54	+0.012%	$925K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.52	+0.007%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.48	−0.005%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.46	−0.011%	$1.3M	$2.2M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0070%	1h	339.48	−0.005%	$40.5M	$76.7M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.59	+0.027%	$660K	$623K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.44	−0.017%	$1.4M	$195K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.43	−0.020%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.48	−0.005%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.46	−0.011%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.90	+0.118%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.67	+0.051%	$5K	$12K	20x	as long as short