Spread before costs (cost unknown: a leg has no order-book sample)−0.074%
7d average—if it closes, per $10,000$7funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAPL | 335.60 | 0 | get 0.0000% / 1h | 31m 31s | $5K | $10K | 20x |
| Short | Binance AAPLUSDT | 335.35 | 0 | get 0.0000% / 8h | 2h 31m | $23.5M | $15.9M | 25x |
Phoenix AAPL
Binance AAPLUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.42
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.42
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.15 bp | 5.3 bp −$5 | 8.1 bp −$81 | 26.1 bp −$2,614 | doesn'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 price on every exchange
against the cheapest. Click to use as the short leg.Lighter335.16cheapestArcus335.16+0.000%QFEX335.20+0.012%Extended335.25+0.027%Gate335.27+0.033%OKX335.29+0.039%Bitget335.31+0.045%Ondo Perps335.32+0.048%
Lighter
Arcus
QFEX
Extended
Gate
OKX
Bitget
Ondo PerpsBinance335.35+0.057%
Bybit335.36+0.060%Hotstuff335.37+0.063%KuCoin335.48+0.096%Orderly335.52+0.108%Injective335.52+0.108%Aevo335.53+0.112%Polymarket Perps335.55+0.117%edgeX335.57+0.123%HTX335.58+0.126%
Bybit
Hotstuff
KuCoin
Orderly
Injective
Aevo
Polymarket Perps
HTXPhoenix335.60+0.132%
SoDEX335.60+0.132%SunX335.64+0.144%Coinbase International335.65+0.146%Deribit335.66+0.149%Lighter RH335.67+0.152%BloFin335.67+0.152%Aster335.67+0.153%ApeX Omni335.70+0.161%tradeXYZ335.72+0.167%Vest335.76+0.179%Nado335.81+0.193%Phemex335.81+0.194%Variational Omni335.83+0.202%
SoDEX
SunX
Coinbase International
Deribit
Lighter RH
BloFin
Aster
ApeX Omni
tradeXYZ
Vest
Nado
Phemex
Variational OmniAAPL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter AAPL | −0.131% | +0.0032% | 1h | $397K | $1.2M | 20x | as long as short |
| Arcus AAPL-USD | −0.131% | +0.0040% | 1h | $281K | $43K | 20x | as long as short |
| QFEX AAPL-USD | −0.119% | +0.0015% | 1h | $3.2M | $2.0M | 10x | as long as short |
| Extended AAPL_24_5-USD | −0.105% | 0.0000% | 1h | $271K | $1.5M | 10x | as long as short |
| Gate AAPL_USDT | −0.098% | 0.0000% | 8h | $3.0M | $1.7M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | −0.092% | 0.0000% | 8h | $6.8M | $3.2M | 25x | as long as short |
| Bitget AAPLUSDT | −0.086% | 0.0000% | 8h | $6.4M | $1.0M | 100x | as long as short |
| Ondo Perps AAPL-USD.P | −0.083% | +0.0050% | 1h | $1.2M | $929K | 20x | as long as short |
| Binance AAPLUSDTshort | −0.074% | 0.0000% | 8h | $23.5M | $15.9M | 25x | |
| Bybit AAPLUSDT | −0.072% | 0.0000% | 8h | $5.3M | $15.7M | 100x | as long as short |