Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.056% cheaper against Phemex than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.02	0	get 0.0000% / 4h	2h 36m	$2.1M	$6K	10x
Short	Vest AAPL-USD-PERP	338.83	0.0046	get 0.0006% / 1h	36m 37s	—	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.056%Rate

Funding earned: $9.59
Price spread: −0.056% → 0.000%: −$5.6
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.01
Costs to cover: 0.140%
Break-even: 14.3 days

Slippage unknown: Phemex: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.

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	1.77 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0506%	4h	338.97	−0.016%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	339.00	−0.006%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.008%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	+0.021%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.027%	$6.4M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.86	−0.047%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.10	+0.024%	$6.2M	$3.5M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	−0.006%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.08	+0.018%	$953	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.97	−0.015%	$28K	$67K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.19	+0.050%	$53K	$225K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.02	long leg	$2.1M	$6K	10x
QFEX AAPL-USD	+0.0028%	1h	339.05	+0.009%	$3.2M	$4.9M	10x	as long as short
Variational Omni AAPL	+0.0031%	8h	338.95	−0.019%	$2.4M	$1.4M	—	as long as short
Lighter AAPL	+0.0032%	1h	338.96	−0.017%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	0.000%	$954K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.92	−0.029%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERPshort	+0.0046%	1h	338.83	−0.056%	—	$45K	25x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.81	−0.062%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.00	−0.006%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.032%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.056%	$1.4M	$2.5M	20x	as long as short
Binance AAPLUSDT	+0.0061%	8h	339.07	+0.014%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	339.00	−0.007%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0088%	1h	339.00	−0.006%	$40.8M	$75.8M	20x	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.98	−0.012%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.82	−0.059%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.91	−0.032%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.97	−0.013%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.150%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.091%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.18	+0.047%	$5K	$11K	20x	as long as short