Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
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 − costsprices read too far apart to compare
costs, in and out, $10k−$1081.080% of the position
What this pair did over the last
the charts below follow
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex AAPLUSDT339.340get 0.0000% / 4h3h 05m$2.1M$7K10x
ShortedgeX AAPLUSDC339.17−0.0405pay 0.0202% / 4h3h 05m$81K$327K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago1.47 bp39.7 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 47 min ago5.31 bp10.2 bp −$1017.1 bp −$171doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDCshort−0.0405%4h339.17−0.051%$81K$327K20x
Nado AAPL-PERP−0.0097%1h339.24−0.030%$555K$38K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0045%1h338.97−0.109%$28K$67K10xas long as short
Aster AAPLUSDT0.0000%8h339.10−0.070%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.07−0.078%$278K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.17−0.050%$22.0M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.16−0.053%$5.8M$71.5M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.26−0.024%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.95−0.115%$3.0M$4.5M100xas long as short
Bitget AAPLUSDT0.0000%8h339.28−0.018%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.20−0.040%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.29−0.016%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.24−0.029%$784$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.37+0.009%$53K$225K30xas long as short
Phemex AAPLUSDTlong0.0000%4h339.34long leg$2.1M$7K10x
BloFin AAPL-USDT+0.0027%8h339.26−0.024%$340K$168K20xas long as short
QFEX AAPL-USD+0.0030%1h339.14−0.059%$3.2M$4.4M10xas long as short
Lighter AAPL+0.0032%1h339.02−0.094%$805K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.04−0.088%$939K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.07−0.080%$266K$61K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.08−0.077%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.07−0.080%$40.5M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.10−0.071%$277K$408K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.11−0.068%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.91−0.127%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h339.12−0.065%$661K$656K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.15−0.056%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.20−0.041%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.08−0.077%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.13−0.062%$11K10xas long as short
Hotstuff AAPL-PERP+0.0120%1h339.15−0.056%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.05−0.085%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.26−0.024%$5K$11K20xas long as short