Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.008%

Price spread now: Hotstuff against KuCoin+0.071%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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. Hotstuff is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	339.46	0.0100	pay 0.0100% / 8h	2h 25m	$1.4M	$38K	20x
Short	Hotstuff AAPL-PERP	339.70	0.0080	get 0.0010% / 1h	25m 55s	$36K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$4.2
Price spread: +0.071% → 0.000%: $7.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$14.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	8.98 bp	89.6 bp −$90	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	−0.0701%	4h	339.60	+0.043%	$81K	$329K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0133%	1h	339.65	+0.056%	$28K	$68K	10x	as long as short
Nado AAPL-PERP	−0.0108%	1h	339.84	+0.112%	$556K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.82	+0.105%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.77	+0.090%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.86	+0.118%	$22.0M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.88	+0.124%	$5.8M	$89.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.83	+0.109%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.64	+0.053%	$3.0M	$4.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.84	+0.112%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.83	+0.110%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	+0.050%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	+0.103%	$632	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.85	+0.115%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.088%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0009%	8h	339.83	+0.109%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.75	+0.085%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.73	+0.080%	$841K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	+0.088%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.54	+0.024%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.70	+0.071%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.56	+0.029%	$663K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.79	+0.097%	$40.5M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.66	+0.059%	$278K	$409K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.72	+0.077%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.55	+0.027%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERPshort	+0.0080%	1h	339.70	+0.071%	$36K	—	20x
KuCoin AAPLUSDTMlong	+0.0100%	8h	339.46	long leg	$1.4M	$38K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.54	+0.024%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.67	+0.062%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	+0.075%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.65	+0.056%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.40	−0.018%	$191K	$44K	30x	as long as short