Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.020%

Price spread now: KuCoin against Hotstuff−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 Hotstuff Short on KuCoin

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. KuCoin is 0.041% cheaper against Hotstuff 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 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff AAPL-PERP	338.80	0.0080	pay 0.0010% / 1h	54m 38s	$36K	—	20x
Short	KuCoin AAPLUSDTM	338.66	0.0100	get 0.0100% / 8h	7h 54m	$1.4M	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hotstuff. 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 HotstuffbpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $4.2
Price spread: −0.041% → 0.000%: −$4.13
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.93
Costs to cover: 0.170%
Break-even: 35.2 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 11 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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 11 min ago	5.75 bp	77.0 bp −$77	doesn't fit	doesn't fit	doesn't fit

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	−0.0585%	4h	338.92	+0.035%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0116%	1h	338.90	+0.031%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.96	+0.048%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.98	+0.053%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.93	+0.038%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.70	−0.030%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.02	+0.065%	$13K	$490K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.92	+0.035%	$671	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.80	0.000%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.050%	$53K	$224K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.053%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.82	+0.007%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.87	+0.021%	$957K	$3.6M	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0038%	1h	338.57	−0.068%	$1.4M	$2.4M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.032%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.85	+0.015%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	+0.006%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	0.000%	$75K	$3K	10x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.92	+0.035%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERPlong	+0.0080%	1h	338.80	long leg	$36K	—	20x
Bitget AAPLUSDT	+0.0085%	8h	338.94	+0.041%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	338.66	−0.041%	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	+0.024%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.85	+0.015%	$4K	—	10x	as long as short
Variational Omni AAPL	+0.0104%	8h	338.99	+0.055%	$2.4M	$1.4M	—	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	+0.066%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.86	+0.017%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0122%	8h	338.92	+0.034%	$22.3M	$67.0M	25x	as long as short
BloFin AAPL-USDT	+0.0144%	8h	338.94	+0.041%	$346K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.068%	$660K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	0.000%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.01	+0.062%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.83	+0.009%	$269K	$70K	20x	as long as short