Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%

Price spread now: Hotstuff against GRVT−0.035%57s7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.035% cheaper against GRVT 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 57 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	GRVT AAPL_USDT_Perp	338.86	0	get 0.0000% / 8h	5h 39m	$17K	$433K	10x
Short	Hotstuff AAPL-PERP	338.74	−0.0032	pay 0.0004% / 1h	39m 58s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GRVT. 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 GRVTbpFee HotstuffbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$6.72
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$24.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 23 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 GRVT live order book, 23 min ago	1.33 bp	5.9 bp −$6	8.2 bp −$82	doesn't fit	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	−0.0848%	4h	338.77	−0.026%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0053%	1h	338.74	−0.033%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERPshort	−0.0032%	1h	338.74	−0.035%	$36K	—	20x
Aster AAPLUSDT	0.0000%	8h	338.94	+0.025%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.79	−0.021%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.88	+0.007%	$22.3M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.87	+0.004%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.85	−0.002%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.62	−0.070%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.90	+0.013%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	338.83	−0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perplong	0.0000%	8h	338.86	long leg	$17K	$433K	10x
SunX AAPL-USDT	0.0000%	8h	338.83	−0.008%	$515	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.69	−0.049%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.033%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.84	−0.005%	$2.1M	$6K	10x	as long as short
BloFin AAPL-USDT	+0.0004%	8h	338.84	−0.005%	$343K	$169K	20x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.80	−0.017%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.69	−0.050%	$757K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.75	−0.032%	$953K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.76	−0.029%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.65	−0.061%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.84	−0.005%	$659K	$667K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.82	−0.011%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.56	−0.088%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.77	−0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.57	−0.085%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.81	−0.014%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.60	−0.076%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.76	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.71	−0.044%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.58	−0.082%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.88	+0.007%	$5K	$11K	20x	as long as short