Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.032%

Price spread now: Hotstuff against Variational Omni−0.046%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.5 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	Variational Omni AAPL	338.75	0.0076	pay 0.0076% / 8h	7h 16m	$2.4M	$1.4M	—
Short	Hotstuff AAPL-PERP	338.59	0.0104	get 0.0013% / 1h	16m 33s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. 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 Variational OmnibpFee HotstuffbpOrdersPrice spread, now −0.046%Rate

Funding earned: $5.86
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$3.72
Costs to cover: 0.050%
Break-even: 11.4 days

Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	2.04 bp	doesn't fit	6.0 bp −$60	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	−0.0571%	4h	338.69	−0.016%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0013%	1h	338.52	−0.066%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.74	0.000%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.68	−0.019%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.62	−0.037%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.45	−0.087%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.73	−0.005%	$17K	$489K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.62	−0.037%	$569	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.46	−0.084%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.76	+0.004%	$53K	$225K	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	338.69	−0.016%	$2.1M	$6K	10x	as long as short
Bitget AAPLUSDT	+0.0008%	8h	338.65	−0.028%	$6.2M	$3.4M	100x	as long as short
Lighter AAPL	+0.0032%	1h	338.55	−0.056%	$768K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.57	−0.052%	$956K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.48	−0.078%	—	$46K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.60	−0.043%	$40.7M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.42	−0.096%	$263K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.59	−0.046%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.34	−0.120%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.62	−0.037%	$3.2M	$5.0M	10x	as long as short
Variational Omni AAPLlong	+0.0076%	8h	338.75	long leg	$2.4M	$1.4M	—
Binance AAPLUSDT	+0.0099%	8h	338.66	−0.026%	$22.2M	$66.8M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.034%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.50	−0.072%	$945K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.56	−0.055%	$4K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0104%	1h	338.59	−0.045%	$286K	$2.0M	10x	as long as short
Hotstuff AAPL-PERPshort	+0.0104%	1h	338.59	−0.046%	$36K	—	20x
Aevo AAPL-PERP	+0.0104%	1h	338.55	−0.057%	$10K	—	10x	as long as short
BloFin AAPL-USDT	+0.0104%	8h	338.81	+0.019%	$346K	$169K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.069%	$655K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.49	−0.075%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.75	+0.001%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.60	−0.043%	$269K	$70K	20x	as long as short