Funding you earn now, next payment 23:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.036%
Price spread now: Hotstuff against Phoenix−0.047%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.047% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAPL | 339.19 | 0.0330 | pay 0.0041% / 1h | 46m 20s | $2K | $8K | 20x |
| Short | Hotstuff AAPL-PERP | 339.03 | 0.0136 | get 0.0017% / 1h | 46m 20s | $36K | — | 20x |
Phoenix AAPL
Hotstuff AAPL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.79
- Price spread: −0.047% → 0.000%
- −$4.72
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$57.51
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Phoenix 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 | −0.0893% | 4h | 339.12 | −0.020% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.02 | −0.051% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | 0.000% | $6.0M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.11 | −0.024% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.93 | −0.077% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.13 | −0.018% | $675 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.20 | +0.003% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | −0.006% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0002% | 8h | 339.13 | −0.018% | $14K | $498K | 10x | as long as short |
| Bitget AAPLUSDT | +0.0029% | 8h | 339.16 | −0.009% | $6.2M | $3.4M | 100x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.06 | −0.038% | $964K | $3.7M | 20x | as long as short |
| Variational Omni AAPL | +0.0034% | 8h | 339.17 | −0.007% | $2.4M | $1.4M | — | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.75 | −0.130% | — | $53K | 25x | as long as short |
| BloFin AAPL-USDT | +0.0049% | 8h | 339.15 | −0.012% | $304K | $167K | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.93 | −0.077% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | −0.047% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.82 | −0.109% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.07 | −0.035% | $3.2M | $5.1M | 10x | as long as short |
| Binance AAPLUSDT | +0.0071% | 8h | 339.14 | −0.015% | $22.4M | $67.2M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0072% | 1h | 339.08 | −0.033% | $285K | $1.5M | 10x | as long as short |
| Lighter AAPL | +0.0096% | 1h | 339.00 | −0.055% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.85 | −0.100% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.78 | −0.121% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.02 | −0.050% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.07 | −0.034% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0125% | 1h | 338.84 | −0.104% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERPshort | +0.0136% | 1h | 339.03 | −0.047% | $36K | — | 20x | |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.047% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0218% | 1h | 339.03 | −0.047% | $40.9M | $76.4M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.112% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLlong | +0.0330% | 1h | 339.19 | long leg | $2K | $8K | 20x | |
| Arcus AAPL-USD | +0.0397% | 1h | 339.02 | −0.050% | $270K | $71K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0458% | 1h | 339.05 | −0.041% | $28K | $65K | 10x | as long as short |
Lighter RH AAPL
Variational Omni AAPL
Vest AAPL-USD-PERP
BloFin AAPL-USDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Binance AAPLUSDT
Extended AAPL_24_5-USD
Lighter AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Nado AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Arcus AAPL-USD
Deribit AAPL_USDC-PERPETUAL