Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Aster−0.033%97s7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.574% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.451%+$45 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.033%, 7d avg +0.066%

Together, before fees+0.362%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.098% cheaper against Aster than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.066%). If the spread goes back, that is −$10 on $10k: about 36 hours of funding at the current rate (+$7 a day). The two prices were read 97 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	Aster AAPLUSDT	338.74	0	get 0.0000% / 8h	4h 01m	$122K	$291K	20x
Short	Injective AAPL/USDC PERP	338.63	0.0220	get 0.0028% / 1h	1m 39s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −0.033%Rate

Funding earned: $46.2
Price spread: −0.033% → +0.066%: −$9.84
Slippage, 4 orders: −$49.33
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$20.99
Costs to cover: 0.574%
Break-even: 10.2 days

Slippage from Aster: live order book, 55 min ago; Injective: live order book, 57 min ago.

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 Aster live order book, 55 min ago	3.69 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 57 min ago	8.56 bp	11.3 bp −$11	11.5 bp −$115	doesn't fit	doesn't fit

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	−0.0698%	4h	338.82	+0.022%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0028%	1h	338.70	−0.012%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0025%	8h	338.87	+0.038%	$341K	$168K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	338.74	long leg	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	338.74	−0.001%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.84	+0.029%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.78	+0.012%	$5.9M	$53.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.84	+0.029%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.59	−0.044%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.89	+0.044%	$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	338.88	+0.040%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.89	+0.045%	$17K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.81	+0.021%	$81	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.62	−0.036%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.068%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.94	+0.059%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.80	+0.018%	$3.2M	$4.6M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.70	−0.013%	$782K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.71	−0.009%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.73	−0.003%	$266K	$66K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.63	−0.033%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.71	−0.009%	$40.5M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.72	−0.006%	$278K	$430K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.71	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.63	−0.033%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	+0.012%	$659K	$654K	10x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	338.71	−0.009%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.74	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.015%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.69	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.71	−0.008%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	338.63	−0.033%	$191K	$44K	30x
Phoenix AAPL	+0.0283%	1h	338.92	+0.053%	$5K	$11K	20x	as long as short