Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.020%
Price spread now: Coinbase International against Phemex+0.029%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1111.109% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.029%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.107% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AAPLUSDT | 340.04 | 0 | get 0.0000% / 4h | 3h 21m | $2.1M | $7K | 10x |
| Short | Coinbase International AAPL-PERP-INTX | 340.14 | 0.0024 | get 0.0003% / 1h | 21m 06s | $662K | $653K | 10x |
Phemex AAPLUSDT
Coinbase International AAPL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: +0.029% → −0.077%
- $10.65
- Slippage, 4 orders
- −$88.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$95.21
- Costs to cover
- 1.109%
- Break-even
- 139.2 days
Slippage from Phemex: live order book, 2 min ago; Coinbase International: live order book, 12 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 Phemex live order book, 2 min ago | 1.47 bp | 49.5 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 12 min ago | 2.21 bp | 7.2 bp −$7 | 11.1 bp −$111 | 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 | −0.0164% | 4h | 339.74 | −0.087% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0029% | 1h | 339.63 | −0.120% | $556K | $35K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0011% | 8h | 339.80 | −0.071% | $348K | $166K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.84 | −0.059% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.73 | −0.091% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.79 | −0.072% | $22.1M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.76 | −0.082% | $6.4M | $202.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.81 | −0.068% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.59 | −0.132% | $3.0M | $5.9M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.75 | −0.085% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.90 | −0.040% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.83 | −0.062% | $22K | $345K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.80 | −0.071% | $799 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.63 | −0.121% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.81 | −0.068% | $62K | $243K | 30x | as long as short |
| Phemex AAPLUSDTlong | 0.0000% | 4h | 340.04 | long leg | $2.1M | $7K | 10x | |
| Hotstuff AAPL-PERP | +0.0008% | 1h | 339.64 | −0.118% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 339.75 | −0.085% | $3.3M | $4.2M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0024% | 1h | 340.14 | +0.029% | $662K | $653K | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.70 | −0.100% | $928K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.69 | −0.103% | $981K | $3.3M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.68 | −0.106% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.65 | −0.115% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.65 | −0.115% | $40.4M | $76.7M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.56 | −0.141% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.64 | −0.118% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.58 | −0.135% | $1.3M | $2.3M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.71 | −0.097% | $1.4M | $90K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.71 | −0.097% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.71 | −0.097% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.71 | −0.096% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.97 | −0.021% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.53 | +0.144% | $192K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Hotstuff AAPL-PERP
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP