Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against HTX−0.027%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on HTX 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)+0.066%+$7 · spread now −0.027%, 7d avg −0.005%

Together, before fees+0.066%+$7 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 0.022% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.30	0	get 0.0000% / 8h	6h 18m	$53K	$224K	30x
Short	Phemex AAPLUSDT	339.21	0	get 0.0000% / 4h	2h 18m	$2.1M	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.005%: −$2.19
Slippage, 4 orders: −$83.55
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.74
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from HTX: live order book, 48 min ago; Phemex: live order book, 5 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 HTX live order book, 48 min ago	2.80 bp	8.8 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.62 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit

AAPL on 32 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	−0.0672%	4h	339.13	−0.051%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0163%	1h	339.00	−0.088%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0079%	1h	339.26	−0.012%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.24	−0.019%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.26	−0.012%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.26	−0.012%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.08	−0.065%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.18	−0.035%	$6.2M	$3.5M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.06	−0.069%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.16	−0.041%	$573	$4.7M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDTlong	0.0000%	8h	339.30	long leg	$53K	$224K	30x
Phemex AAPLUSDTshort	0.0000%	4h	339.21	−0.027%	$2.1M	$6K	10x
Variational Omni AAPL	+0.0012%	8h	339.19	−0.034%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.14	−0.047%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.18	−0.035%	$743K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.18	−0.035%	$951K	$3.5M	20x	as long as short
Extended AAPL_24_5-USD	+0.0040%	1h	339.18	−0.037%	$288K	$2.0M	10x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.04	−0.077%	$270K	$70K	20x	as long as short
Binance AAPLUSDT	+0.0041%	8h	339.26	−0.012%	$22.3M	$66.8M	25x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.053%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.100%	$262K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.18	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.98	−0.094%	$1.4M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0057%	1h	339.18	−0.035%	$40.8M	$75.7M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.19	−0.032%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.03	−0.080%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.08	−0.065%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.11	−0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.11	−0.057%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.233%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.92	−0.112%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.21	−0.027%	$5K	$11K	20x	as long as short