Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.018%

Price spread now: Hotstuff against SunX−0.032%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 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

Funding pays, the price is against you. Hotstuff is 0.032% cheaper against SunX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4.5 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	SunX AAPL-USDT	339.14	0	get 0.0000% / 8h	3h 24m	$573	$4.6M	20x
Short	Hotstuff AAPL-PERP	339.03	0.0024	get 0.0003% / 1h	24m 06s	$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 −0.032%Rate

Funding earned: $5.04
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$11.2
Costs to cover: 0.130%
Break-even: 22.6 days

Slippage unknown: SunX: 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 SunX live order book, 4 min ago	44.67 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	−0.0890%	4h	339.07	−0.020%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	339.10	−0.013%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.10	−0.013%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.06	−0.023%	$287K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.19	+0.014%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.012%	$5.9M	$70.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.15	+0.003%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.98	−0.047%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.25	+0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.12	−0.007%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.09	−0.015%	$16K	$411K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.14	long leg	$573	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.06	−0.024%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.35	+0.062%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.20	+0.018%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0023%	8h	339.11	−0.009%	$340K	$168K	20x	as long as short
Hotstuff AAPL-PERPshort	+0.0024%	1h	339.03	−0.032%	$36K	—	20x
QFEX AAPL-USD	+0.0030%	1h	339.00	−0.041%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.09	−0.015%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.11	−0.009%	$941K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.96	−0.053%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.94	−0.059%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.11	−0.009%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.05	−0.027%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.080%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.106%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.12	−0.006%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.077%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.06	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.00	−0.040%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.89	−0.074%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.20	+0.018%	$5K	$11K	20x	as long as short