Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.041%

Price spread now: Injective against BloFin−0.059%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.059%, 7d avg +0.060%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.119% cheaper against BloFin than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.060%). If the spread goes back, that is −$12 on $10k: about 39 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.71	−0.0027	get 0.0027% / 8h	2h 13m	$339K	$168K	20x
Short	Injective AAPL/USDC PERP	339.51	0.0220	get 0.0028% / 1h	13m 01s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.059%Rate

Funding earned: $51.86
Price spread: −0.059% → +0.060%: −$11.92
Slippage, 4 orders: −$20.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $7.31
Costs to cover: 0.326%
Break-even: 6.0 days

Slippage from BloFin: live order book, 12 min ago; Injective: live order book, 36 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 BloFin live order book, 12 min ago	0.15 bp	6.6 bp −$7	7.0 bp −$70	11.9 bp −$1,190	doesn't fit
Sell Injective live order book, 36 min ago	9.88 bp	9.9 bp −$10	9.9 bp −$99	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	−0.0493%	4h	339.75	+0.012%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0118%	1h	339.75	+0.012%	$556K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0112%	1h	339.64	−0.021%	$36K	—	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0103%	1h	339.61	−0.029%	$28K	$68K	10x	as long as short
BloFin AAPL-USDTlong	−0.0027%	8h	339.71	long leg	$339K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.73	+0.005%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.64	−0.019%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.73	+0.007%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.74	+0.009%	$5.8M	$92.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.74	+0.009%	$6.3M	$6.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AAPL_USDT	0.0000%	8h	339.52	−0.056%	$3.0M	$4.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.82	+0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.75	+0.013%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.81	+0.029%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.70	−0.003%	$717	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.024%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.81	+0.029%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.67	−0.012%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.66	−0.015%	$904K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.66	−0.015%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	−0.035%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.57	−0.041%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.047%	$660K	$662K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.66	−0.015%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.66	−0.015%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.65	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.53	−0.053%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0097%	8h	339.54	−0.050%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.67	−0.012%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.69	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.68	−0.009%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.85	+0.041%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.51	−0.059%	$191K	$44K	30x