Funding you earn now, next payment 08:00 UTC−0.0405%/8h= −44.3% APRnext payment −$2.02 per $10,000 · paid last 24h −0.207%
Price spread now: edgeX against Phemex−0.051%78s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as 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−$1081.080% of the position
Funding, last 7 days−0.501%−$50 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.051%, 7d avg −0.029%
=Together, before fees−0.433%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and edgeX is 0.022% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 78 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 | Phemex AAPLUSDT | 339.34 | 0 | get 0.0000% / 4h | 3h 05m | $2.1M | $7K | 10x |
| Short | edgeX AAPLUSDC | 339.17 | −0.0405 | pay 0.0202% / 4h | 3h 05m | $81K | $327K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$84.99
- Price spread: −0.051% → −0.029%
- −$2.2
- Slippage, 4 orders
- −$86.97
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$195.17
- Costs to cover
- 1.080%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 47 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, 3 min ago | 1.47 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 47 min ago | 5.31 bp | 10.2 bp −$10 | 17.1 bp −$171 | 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 AAPLUSDCshort | −0.0405% | 4h | 339.17 | −0.051% | $81K | $327K | 20x | |
| Nado AAPL-PERP | −0.0097% | 1h | 339.24 | −0.030% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0045% | 1h | 338.97 | −0.109% | $28K | $67K | 10x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.10 | −0.070% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.07 | −0.078% | $278K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.17 | −0.050% | $22.0M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.16 | −0.053% | $5.8M | $71.5M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.26 | −0.024% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.95 | −0.115% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.28 | −0.018% | $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 | 339.20 | −0.040% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.29 | −0.016% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.24 | −0.029% | $784 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.37 | +0.009% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDTlong | 0.0000% | 4h | 339.34 | long leg | $2.1M | $7K | 10x | |
| BloFin AAPL-USDT | +0.0027% | 8h | 339.26 | −0.024% | $340K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.14 | −0.059% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.02 | −0.094% | $805K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.04 | −0.088% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.07 | −0.080% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.08 | −0.077% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.07 | −0.080% | $40.5M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.10 | −0.071% | $277K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.11 | −0.068% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.91 | −0.127% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 339.12 | −0.065% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.15 | −0.056% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.20 | −0.041% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.08 | −0.077% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.13 | −0.062% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0120% | 1h | 339.15 | −0.056% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.085% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.26 | −0.024% | $5K | $11K | 20x | as long as short |
Phemex AAPLUSDT
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL