Funding you earn now, next payment 10:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Phemex against Vest+0.085%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Phemex is 0.085% dearer against Vest than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest AAPL-USD-PERP | 339.70 | 0.0046 | pay 0.0006% / 1h | 56m 21s | — | $45K | 25x |
| Short | Phemex AAPLUSDT | 339.99 | 0 | get 0.0000% / 4h | 2h 56m | $2.1M | $7K | 10x |
Vest AAPL-USD-PERP
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.59
- Price spread: +0.085% → 0.000%
- $8.54
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.06
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Phemex: live order book, 2 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 1.76 bp | 47.5 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0832% | 4h | 339.96 | +0.076% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0036% | 1h | 339.83 | +0.039% | $556K | $35K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.92 | +0.064% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.84 | +0.040% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.86 | +0.047% | $22.1M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.90 | +0.059% | $6.3M | $230.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.89 | +0.056% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.66 | −0.012% | $3.0M | $6.8M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.92 | +0.065% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 340.00 | +0.087% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.99 | +0.086% | $22K | $345K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.01 | +0.091% | $551 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.83 | +0.038% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.07 | +0.109% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 339.99 | +0.085% | $2.1M | $7K | 10x | |
| BloFin AAPL-USDT | +0.0005% | 8h | 339.97 | +0.079% | $346K | $166K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 339.89 | +0.056% | $3.3M | $4.3M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.88 | +0.052% | $928K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.87 | +0.050% | $986K | $3.1M | 20x | as long as short |
| Vest AAPL-USD-PERPlong | +0.0046% | 1h | 339.70 | long leg | — | $45K | 25x | |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.89 | +0.056% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.84 | +0.041% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.89 | +0.056% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.68 | −0.006% | $1.3M | $2.2M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0051% | 1h | 339.80 | +0.029% | $40.4M | $76.7M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0056% | 1h | 339.97 | +0.079% | $661K | $654K | 10x | as long as short |
| Arcus AAPL-USD | +0.0082% | 1h | 339.82 | +0.035% | $267K | $60K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.72 | +0.006% | $1.4M | $103K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.86 | +0.047% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.85 | +0.044% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.82 | +0.035% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.97 | +0.079% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.35 | +0.191% | $192K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Arcus AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP