Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.012%

Price spread now: Hotstuff against Bybit−0.041%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Hotstuff is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	339.17	0	get 0.0000% / 8h	1h 35m	$6.1M	$39.6M	100x
Short	Hotstuff AAPL-PERP	339.03	0.0064	get 0.0008% / 1h	35m 34s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.041%Rate

Funding earned: $13.44
Price spread: −0.041% → 0.000%: −$4.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$6.69
Costs to cover: 0.160%
Break-even: 10.5 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.15 bp	6.1 bp −$6	10.0 bp −$100	35.0 bp −$3,503	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	−0.0583%	4h	339.12	−0.015%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.12	−0.015%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.07	−0.029%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.13	−0.012%	$22.4M	$67.4M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.17	long leg	$6.1M	$39.6M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	−0.035%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.080%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.12	−0.015%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.15	−0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.13	−0.012%	$14K	$498K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.10	−0.021%	$726	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.85	−0.094%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.22	+0.015%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	−0.006%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	0.0000%	8h	339.15	−0.006%	$351K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.035%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.118%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.02	−0.043%	$769K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.91	−0.077%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.044%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.67	−0.147%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.035%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERPshort	+0.0064%	1h	339.03	−0.041%	$36K	—	20x
Nado AAPL-PERP	+0.0084%	1h	338.85	−0.093%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.097%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.112%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.037%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.071%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0184%	1h	339.01	−0.047%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.112%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.15	−0.006%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.00	−0.050%	$270K	$70K	20x	as long as short