Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+0.221%54s7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as 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−$470.475% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.465%+$46 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.221%, 7d avg +0.124%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.097% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.124%. The two prices were read 54 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	Gate AAPL_USDT	338.91	0	get 0.0000% / 8h	1h 38m	$3.0M	$4.2M	100x
Short	Injective AAPL/USDC PERP	339.66	0.0220	get 0.0028% / 1h	38m 20s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.221%Rate

Funding earned: $46.2
Price spread: +0.221% → +0.124%: $9.74
Slippage, 4 orders: −$32.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $8.46
Costs to cover: 0.475%
Break-even: 5.7 days

Slippage from Gate: live order book, 5 min ago; Injective: live order book, 46 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 Gate live order book, 5 min ago	1.33 bp	15.4 bp −$15	36.4 bp −$364	doesn't fit	doesn't fit
Sell Injective live order book, 46 min ago	10.03 bp	10.0 bp −$10	10.0 bp −$100	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	−0.0719%	4h	339.11	+0.058%	$81K	$325K	20x	as long as short
BloFin AAPL-USDT	−0.0020%	8h	339.15	+0.071%	$352K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.11	+0.060%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.09	+0.054%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.15	+0.072%	$22.4M	$67.4M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.19	+0.083%	$6.1M	$37.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.06	+0.044%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDTlong	0.0000%	8h	338.91	long leg	$3.0M	$4.2M	100x
Bitget AAPLUSDT	0.0000%	8h	339.12	+0.062%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.15	+0.072%	$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	339.13	+0.065%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.11	+0.059%	$678	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.25	+0.100%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.071%	$2.1M	$7K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.07	+0.047%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.81	−0.030%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.05	+0.041%	$769K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	+0.003%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	+0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.050%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	+0.041%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.04	+0.038%	$36K	—	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0075%	1h	338.93	+0.006%	$28K	$65K	10x	as long as short
Nado AAPL-PERP	+0.0084%	1h	338.88	−0.008%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.021%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.035%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	+0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	+0.041%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	+0.006%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0187%	1h	339.03	+0.035%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.66	+0.221%	$191K	$44K	30x
Phoenix AAPL	+0.0354%	1h	339.15	+0.071%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.03	+0.035%	$270K	$70K	20x	as long as short