Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.014%

Price spread now: Hotstuff against SunX−0.006%7-day average — · you buy dearer than you sell

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

Long on SunX 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.00	0	get 0.0000% / 8h	2h 32m	$529	$4.8M	20x
Short	Hotstuff AAPL-PERP	338.98	0.0104	get 0.0013% / 1h	32m 51s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now −0.006%Rate

Funding earned: $21.84
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $8.25
Costs to cover: 0.130%
Break-even: 4.4 days

Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago	44.69 bp	49.2 bp −$49	doesn't fit	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	−0.0623%	4h	339.01	+0.002%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.78	−0.064%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.98	−0.006%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.02	+0.006%	$22.1M	$66.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.06	+0.018%	$6.3M	$24.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	−0.012%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.82	−0.053%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	−0.003%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.02	+0.007%	$2.2M	$1.1M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.99	−0.002%	$14K	$522K	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-USDTlong	0.0000%	8h	339.00	long leg	$529	$4.8M	20x
HTX AAPL-USDT	0.0000%	8h	339.05	+0.015%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.01	+0.003%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0007%	8h	339.03	+0.009%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.95	−0.016%	$756K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	−0.006%	$978K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.074%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.96	−0.012%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.68	−0.094%	$261K	$366K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	−0.006%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.84	−0.047%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0073%	1h	338.77	−0.067%	$556K	$34K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0075%	1h	338.95	−0.015%	$28K	$65K	10x	as long as short
KuCoin AAPLUSDTM	+0.0090%	8h	338.81	−0.056%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.088%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.021%	$4K	—	10x	as long as short
Hotstuff AAPL-PERPshort	+0.0104%	1h	338.98	−0.006%	$36K	—	20x
Aevo AAPL-PERP	+0.0104%	1h	338.96	−0.011%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	338.94	−0.018%	$660K	$665K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0202%	1h	338.98	−0.006%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.121%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.05	+0.015%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.95	−0.015%	$270K	$69K	20x	as long as short