Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.280%

Price spread now: Injective against edgeX−0.055%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs+$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.901%+$90 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.055%, 7d avg +0.080%

Together, before fees+0.749%+ Points / potential airdropedgeX: Active · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.134% cheaper against edgeX than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.080%). If the spread goes back, that is −$13 on $10k: about 33 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	338.77	−0.0109	get 0.0054% / 4h	1h 37m	$81K	$326K	20x
Short	Injective AAPL/USDC PERP	338.58	0.0220	get 0.0028% / 1h	37m 39s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now −0.055%Rate

Funding earned: $69.05
Price spread: −0.055% → +0.080%: −$13.43
Slippage, 4 orders: −$31.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $15.29
Costs to cover: 0.403%
Break-even: 5.4 days

Slippage from edgeX: live order book, 26 min ago; Injective: live order book, 26 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 edgeX live order book, 26 min ago	5.31 bp	10.2 bp −$10	17.0 bp −$170	doesn't fit	doesn't fit
Sell Injective live order book, 26 min ago	8.99 bp	10.9 bp −$11	11.0 bp −$110	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 AAPLUSDClong	−0.0109%	4h	338.77	long leg	$81K	$326K	20x
Nado AAPL-PERP	−0.0058%	1h	338.73	−0.010%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.80	+0.010%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0007%	8h	338.86	+0.028%	$343K	$169K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.90	+0.038%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.82	+0.017%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.92	+0.046%	$22.3M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.94	+0.051%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	+0.057%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.69	−0.022%	$3.0M	$4.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.03	+0.078%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.83	+0.021%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.86	+0.027%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.85	+0.025%	$515	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.63	−0.040%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.98	+0.063%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.84	+0.022%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.78	+0.004%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.78	+0.003%	$757K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.82	+0.016%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.76	−0.002%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.031%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.84	+0.022%	$659K	$667K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.57	−0.058%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	+0.010%	$75K	$3K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.85	+0.025%	$40.7M	$75.8M	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.58	−0.055%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	+0.019%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.60	−0.049%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.70	−0.019%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.73	−0.009%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	338.58	−0.055%	$191K	$44K	30x
Phoenix AAPL	+0.0259%	1h	338.88	+0.034%	$5K	$11K	20x	as long as short