Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.041%

Price spread now: Hotstuff against BloFin−0.026%99s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 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	BloFin AAPL-USDT	339.77	−0.0005	get 0.0005% / 8h	2h 15m	$341K	$168K	20x
Short	Hotstuff AAPL-PERP	339.68	−0.0128	pay 0.0016% / 1h	15m 28s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$25.93
Price spread: −0.026% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$45.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 min ago; Hotstuff: 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 BloFin live order book, 10 min ago	0.15 bp	6.6 bp −$7	7.0 bp −$70	11.9 bp −$1,190	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0517%	4h	339.69	−0.022%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERPshort	−0.0128%	1h	339.68	−0.026%	$36K	—	20x
Nado AAPL-PERP	−0.0117%	1h	339.69	−0.023%	$556K	$38K	20x	as long as short
BloFin AAPL-USDTlong	−0.0005%	8h	339.77	long leg	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.72	−0.014%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.69	−0.025%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.017%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.86	+0.026%	$5.9M	$91.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.85	+0.024%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.61	−0.047%	$3.0M	$4.8M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.74	−0.009%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.75	−0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.61	−0.046%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	−0.009%	$635	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.57	−0.059%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.84	+0.021%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.79	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.69	−0.024%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.64	−0.038%	$894K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.63	−0.041%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.58	−0.056%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.60	−0.050%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.71	−0.018%	$661K	$662K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.74	−0.009%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.66	−0.032%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.53	−0.071%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0094%	8h	339.53	−0.071%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.58	−0.056%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.68	−0.026%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.65	−0.036%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.85	+0.024%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.58	−0.056%	$191K	$44K	30x	as long as short