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: Extended against Phemex−0.050%7-day average −0.042% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

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

Long on Phemex Short on Extended

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)+0.021%+$2 · spread now −0.050%, 7d avg −0.042%

Together, before fees+0.025%+ 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	Phemex AAPLUSDT	339.65	0	get 0.0000% / 4h	1h 02m	$2.1M	$7K	10x
Short	Extended AAPL_24_5-USD	339.48	0	get 0.0000% / 1h	2m 30s	$285K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee PhemexbpFee ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.042%: −$0.81
Slippage, 4 orders: −$69.1
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$86.91
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Extended: 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 Phemex live order book, 4 min ago	1.33 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.15 bp	3.9 bp −$4	19.5 bp −$195	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	−0.059%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0642%	4h	339.57	−0.025%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.49	−0.047%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USDshort	0.0000%	1h	339.48	−0.050%	$285K	$2.1M	10x
Binance AAPLUSDT	0.0000%	8h	339.59	−0.017%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.47	−0.053%	$6.8M	$283.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.55	−0.029%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.45	−0.059%	$3.0M	$7.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.63	−0.006%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.001%	$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	−0.009%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.59	−0.018%	$696	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.50	−0.044%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.62	−0.009%	$62K	$241K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.65	long leg	$2.1M	$7K	10x
BloFin AAPL-USDT	0.0000%	8h	339.63	−0.006%	$349K	$165K	20x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.55	−0.029%	$3.3M	$4.2M	10x	as long as short
Nado AAPL-PERP	+0.0027%	1h	339.50	−0.044%	$556K	$28K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.56	−0.026%	$1.0M	$3.2M	20x	as long as short
Lighter AAPL	+0.0040%	1h	339.55	−0.030%	$925K	$2.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.39	−0.077%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.45	−0.059%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.52	−0.038%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.48	−0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.46	−0.056%	$1.3M	$2.2M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0070%	1h	339.48	−0.050%	$40.5M	$76.7M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.59	−0.018%	$660K	$623K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.44	−0.062%	$1.4M	$196K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.43	−0.065%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.48	−0.050%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.46	−0.055%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.90	+0.074%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.67	+0.006%	$5K	$12K	20x	as long as short