Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.063%

Price spread now: Injective against GRVT−0.038%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.038%, 7d avg +0.092%

Together, before fees+0.392%+ Points / potential airdropGRVT: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.130% cheaper against GRVT than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.092%). If the spread goes back, that is −$13 on $10k: about 47 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	GRVT AAPL_USDT_Perp	339.82	0	get 0.0000% / 8h	7h 56m	$13K	$349K	10x
Short	Injective AAPL/USDC PERP	339.69	0.0220	get 0.0028% / 1h	56m 27s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now −0.038%Rate

Funding earned: $46.2
Price spread: −0.038% → +0.092%: −$13
Slippage, 4 orders: −$56.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$31.91
Costs to cover: 0.651%
Break-even: 11.8 days

Slippage from GRVT: live order book, 41 min ago; Injective: live order book, 42 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 GRVT live order book, 41 min ago	1.33 bp	7.5 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Injective live order book, 42 min ago	15.73 bp	34.7 bp −$35	doesn't fit	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	−0.0495%	4h	339.85	+0.009%	$81K	$329K	20x	as long as short
Nado AAPL-PERP	−0.0014%	1h	339.74	−0.024%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.80	−0.005%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.84	+0.006%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.92	+0.029%	$22.2M	$67.1M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.92	+0.029%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.65	−0.050%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.73	−0.026%	$3.0M	$5.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.93	+0.032%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.92	+0.028%	$2.5M	$1.2M	—	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_Perplong	0.0000%	8h	339.82	long leg	$13K	$349K	10x
SunX AAPL-USDT	0.0000%	8h	339.97	+0.044%	$826	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.75	−0.021%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.11	+0.085%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.93	+0.032%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.87	+0.015%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	339.83	+0.003%	$346K	$167K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.079%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.81	−0.002%	$942K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.79	−0.009%	$952K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.82	0.000%	$267K	$59K	20x	as long as short
Bybit AAPLUSDT	+0.0045%	8h	340.01	+0.056%	$6.2M	$173.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.70	−0.035%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.45	−0.109%	$279K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.72	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.73	−0.026%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0088%	1h	339.80	−0.006%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.69	−0.038%	$1.4M	$56K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.026%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.82	0.000%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.004%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.69	−0.038%	$191K	$44K	30x
Phoenix AAPL	+0.0259%	1h	339.94	+0.035%	$5K	$12K	20x	as long as short