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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0230%/8h= −25.2% APRnext payment $0.29 per $10,000 · paid last 24h +0.010%
Price spread now: ApeX Omni against Phoenix−0.118%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.118% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix AAPL339.150.0330pay 0.0041% / 1h38m 14s$2K$8K20x
ShortApeX Omni AAPLUSDT338.750.0100get 0.0013% / 1h38m 14s$946K$10.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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
−$48.35
Price spread: −0.118% → 0.000%
−$11.79
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$77.15
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell ApeX Omni live order book, 1 min ago1.92 bp7.3 bp −$79.0 bp −$90doesn't fitdoesn't fit
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0094%4h339.07−0.023%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h338.99−0.047%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.14−0.003%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.08−0.021%$6.5M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.88−0.080%$3.0M$4.2M100xas long as short
SunX AAPL-USDT0.0000%8h339.13−0.006%$532$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.26+0.032%$53K$223K30xas long as short
Phemex AAPLUSDT0.0000%4h339.16+0.003%$2.1M$7K10xas long as short
GRVT AAPL_USDT_Perp+0.0012%8h339.12−0.008%$14K$498K10xas long as short
Lighter RH AAPL+0.0032%1h339.04−0.032%$964K$3.8M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT+0.0042%8h339.13−0.006%$6.2M$3.4M100xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.74−0.121%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.94−0.062%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.97−0.053%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.83−0.094%$1.4M$2.4M20xas long as short
Variational Omni AAPL+0.0057%8h339.14−0.001%$2.4M$1.4Mas long as short
QFEX AAPL-USD+0.0064%1h339.03−0.035%$3.2M$5.1M10xas long as short
Binance AAPLUSDT+0.0088%8h339.14−0.003%$22.4M$67.0M25xas long as short
Extended AAPL_24_5-USD+0.0088%1h339.08−0.020%$285K$1.5M10xas long as short
Lighter AAPL+0.0088%1h339.01−0.042%$773K$2.4M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.85−0.088%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDTshort+0.0100%1h338.75−0.118%$946K$10.9M50x
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.99−0.047%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.09−0.018%$11K10xas long as short
BloFin AAPL-USDT+0.0110%8h339.07−0.024%$350K$167K20xas long as short
Nado AAPL-PERP+0.0122%1h338.83−0.094%$556K$33K20xas long as short
Hotstuff AAPL-PERP+0.0128%1h338.98−0.050%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03−0.035%$660K$677K10xas long as short
tradeXYZ xyz:AAPL+0.0201%1h338.98−0.050%$40.9M$76.2M20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.55+0.118%$191K$44K30xas long as short
Phoenix AAPLlong+0.0330%1h339.15long leg$2K$8K20x
Deribit AAPL_USDC-PERPETUAL+0.0340%1h339.02−0.038%$28K$66K10xas long as short
Arcus AAPL-USD+0.0397%1h338.98−0.050%$270K$70K20xas long as short