Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.046%

Price spread now: Hotstuff against Orderly+0.015%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	338.93	0.0100	pay 0.0100% / 8h	0m 07s	$4K	—	10x
Short	Hotstuff AAPL-PERP	338.98	0.0088	get 0.0011% / 1h	0m 07s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Orderly. 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 OrderlybpFee HotstuffbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$2.52
Price spread: +0.015% → 0.000%: $1.48
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$12.04
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Orderly and 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	−0.0997%	4h	338.99	+0.017%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.018%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.13	+0.059%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	+0.035%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.85	−0.024%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.08	+0.044%	$566	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.083%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.11	+0.053%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0025%	8h	339.05	+0.035%	$13K	$490K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.99	+0.018%	$957K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.78	−0.044%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	338.95	+0.007%	$771K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	−0.003%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	+0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.056%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.05	+0.035%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERPshort	+0.0088%	1h	338.98	+0.015%	$36K	—	20x
Bitget AAPLUSDT	+0.0090%	8h	339.13	+0.059%	$6.2M	$3.5M	100x	as long as short
Nado AAPL-PERP	+0.0096%	1h	338.89	−0.012%	$557K	$36K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.030%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.82	−0.032%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	338.93	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.02	+0.027%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	+0.022%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0127%	8h	339.07	+0.041%	$22.4M	$67.1M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	339.01	+0.025%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0129%	8h	339.06	+0.038%	$347K	$170K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0172%	1h	338.98	+0.015%	$40.8M	$76.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.030%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.038%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0311%	1h	339.05	+0.035%	$28K	$66K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.059%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.93	0.000%	$269K	$70K	20x	as long as short