Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.016%

Price spread now: Phemex against Hotstuff+0.053%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Phemex

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 pays, funding is against you. Phemex is 0.053% dearer against Hotstuff than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff AAPL-PERP	338.98	0.0128	pay 0.0016% / 1h	37m 56s	$36K	—	20x
Short	Phemex AAPLUSDT	339.16	0	get 0.0000% / 4h	37m 56s	$2.1M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$26.88
Price spread: +0.053% → 0.000%: $5.31
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$38.57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago	1.47 bp	43.9 bp −$44	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	−0.0094%	4h	339.07	+0.027%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	+0.007%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.047%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.08	+0.030%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.030%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	+0.044%	$532	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.26	+0.083%	$53K	$223K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.16	+0.053%	$2.1M	$7K	10x
GRVT AAPL_USDT_Perp	+0.0012%	8h	339.12	+0.042%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.04	+0.018%	$964K	$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
Bitget AAPLUSDT	+0.0042%	8h	339.12	+0.041%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.071%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.94	−0.012%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.044%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0057%	8h	339.14	+0.049%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.03	+0.015%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0088%	8h	339.13	+0.044%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0088%	1h	339.07	+0.027%	$285K	$1.5M	10x	as long as short
Lighter AAPL	+0.0088%	1h	339.01	+0.009%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.038%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.068%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	+0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.09	+0.032%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0110%	8h	339.07	+0.027%	$350K	$167K	20x	as long as short
Nado AAPL-PERP	+0.0122%	1h	338.83	−0.043%	$556K	$33K	20x	as long as short
Hotstuff AAPL-PERPlong	+0.0128%	1h	338.98	long leg	$36K	—	20x
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.015%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0201%	1h	338.98	0.000%	$40.9M	$76.2M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.168%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.15	+0.050%	$2K	$8K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0340%	1h	339.02	+0.012%	$28K	$66K	10x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.98	0.000%	$270K	$70K	20x	as long as short