Spread before costs (cost unknown: a leg has no order-book sample)+0.084%
7d average—if it closes, per $10,000$8funding while held, a day−$2.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAPL | 338.61 | 0.0118 | pay 0.0015% / 1h | 40m 39s | $5K | $9K | 20x |
| Short | Nado AAPL-PERP | 338.90 | 0.0028 | get 0.0004% / 1h | 40m 39s | $558K | $31K | 20x |
Phoenix AAPL
Nado AAPL-PERPPrice 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
- $8.43
- Funding while held
- −$2.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$8.28
- Spread needed to break even
- 0.140%
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0090%
- Per $10,000 a day
- −$2.71
- 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 Nado live order book, 4 min ago | 0.15 bp | 4.2 bp −$4 | 14.5 bp −$145 | doesn't fit | 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.Injective338.31cheapestOndo Perps338.54+0.068%ApeX Omni338.55+0.071%edgeX338.56+0.075%
Injective
Ondo Perps
ApeX OmniPhoenix338.61+0.089%
Gate338.71+0.118%Polymarket Perps338.73+0.124%Arcus338.75+0.130%Vest338.75+0.130%Hotstuff338.77+0.136%BloFin338.79+0.142%Phemex338.84+0.157%QFEX338.86+0.163%KuCoin338.86+0.163%Aevo338.88+0.168%OKX338.88+0.168%Orderly338.88+0.168%Coinbase International338.88+0.168%tradeXYZ338.89+0.171%Bybit338.89+0.171%Extended338.89+0.173%
Gate
Polymarket Perps
Arcus
Vest
Hotstuff
BloFin
Phemex
QFEX
KuCoin
Aevo
OKX
Orderly
Coinbase International
tradeXYZ
Bybit
ExtendedNado338.90+0.173%
SoDEX338.91+0.177%SunX338.92+0.180%Binance338.93+0.182%Lighter338.93+0.182%Lighter RH338.93+0.183%Aster338.95+0.189%Deribit338.96+0.192%HTX338.97+0.195%Variational Omni338.98+0.197%Bitget338.98+0.198%
SoDEX
SunX
Binance
Lighter
Lighter RH
Aster
Deribit
HTX
Variational Omni
BitgetAAPL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective AAPL/USDC PERP | −0.089% | +0.0220% | 1h | $190K | $148K | 30x | as long as short |
| Ondo Perps AAPL-USD.P | −0.021% | +0.0050% | 1h | $1.3M | $1.5M | 20x | as long as short |
| ApeX Omni AAPLUSDT | −0.018% | +0.0100% | 1h | $946K | $10.8M | 50x | as long as short |
| edgeX AAPLUSDC | −0.014% | −0.0294% | 4h | $80K | $323K | 20x | as long as short |
| Phoenix AAPLlong | 0.000% | +0.0118% | 1h | $5K | $9K | 20x | |
| Gate AAPL_USDT | +0.030% | 0.0000% | 8h | $3.0M | $3.2M | 100x | as long as short |
| Polymarket Perps AAPL-USD | +0.035% | +0.0050% | 1h | $267K | $332K | 10x | as long as short |
| Arcus AAPL-USD | +0.041% | +0.0040% | 1h | $279K | $69K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.041% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.047% | +0.0128% | 1h | $36K | — | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin AAPL-USDT | +0.053% | +0.0016% | 8h | $364K | $129K | 20x | as long as short |
| Phemex AAPLUSDT | +0.068% | 0.0000% | 4h | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.074% | +0.0022% | 1h | $3.2M | $3.3M | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.074% | −0.0059% | 8h | $1.4M | $18K | 20x | as long as short |
| Aevo AAPL-PERP | +0.079% | +0.0104% | 1h | $11K | — | 10x | as long as short |
| OKX AAPL-USDT-SWAP | +0.080% | 0.0000% | 8h | $6.7M | $6.2M | 25x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.080% | +0.0100% | 8h | $4K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.080% | +0.0032% | 1h | $678K | $491K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.083% | +0.0050% | 1h | $58.3M | $49.1M | 20x | as long as short |
| Bybit AAPLUSDT | +0.083% | 0.0000% | 8h | $5.7M | $20.0M | 100x | as long as short |
| Extended AAPL_24_5-USD | +0.084% | 0.0000% | 1h | $275K | $1.5M | 10x | as long as short |
| Nado AAPL-PERPshort | +0.084% | +0.0028% | 1h | $558K | $31K | 20x | |
| SoDEX AAPL-USD | +0.089% | +0.0050% | 1h | $75K | $3K | 10x | as long as short |
| SunX AAPL-USDT | +0.092% | 0.0000% | 8h | $691 | $4.7M | 20x | as long as short |
| Binance AAPLUSDT | +0.093% | 0.0000% | 8h | $22.2M | $51.9M | 25x | as long as short |
| Lighter AAPL | +0.094% | +0.0032% | 1h | $566K | $2.0M | 20x | as long as short |
| Lighter RH AAPL | +0.095% | +0.0032% | 1h | $845K | $3.6M | 20x | as long as short |
| Aster AAPLUSDT | +0.101% | 0.0000% | 8h | $117K | $271K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.103% | 0.0000% | 1h | $28K | $57K | 10x | as long as short |
| HTX AAPL-USDT | +0.106% | 0.0000% | 8h | $53K | $219K | 30x | as long as short |
| Variational Omni AAPL | +0.108% | 0.0000% | 8h | $1.9M | $925K | — | as long as short |
| Bitget AAPLUSDT | +0.109% | 0.0000% | 8h | $6.3M | $2.7M | 100x | as long as short |