Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Injective−0.310%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.436%+$44 · spread now −0.310%, 7d avg −0.064%

Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.246% cheaper against Injective than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	340.07	0.0220	pay 0.0028% / 1h	54m 56s	$191K	$44K	30x
Short	Aster AAPLUSDT	339.01	0	get 0.0000% / 8h	54m 56s	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.310%Rate

Funding earned: −$46.2
Price spread: −0.310% → −0.064%: −$24.64
Slippage, 4 orders: −$58.39
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$137.25
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Injective: live order book, 24 min ago; Aster: live order book, 22 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 Injective live order book, 24 min ago	10.02 bp	10.0 bp −$10	10.0 bp −$100	57594.0 bp −$5.76M	327969.7 bp −$163.98M
Sell Aster live order book, 22 min ago	3.24 bp	20.4 bp −$20	110.8 bp −$1,108	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	−0.0949%	4h	339.12	−0.280%	$81K	$325K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	339.01	−0.310%	$122K	$291K	20x
Bybit AAPLUSDT	0.0000%	8h	339.21	−0.253%	$6.1M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.15	−0.271%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.344%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	−0.278%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.18	−0.262%	$611	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.88	−0.350%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.33	−0.218%	$52K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.20	−0.256%	$2.1M	$7K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	+0.0013%	8h	339.15	−0.271%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0022%	8h	339.17	−0.266%	$2.4M	$1.4M	—	as long as short
BloFin AAPL-USDT	+0.0030%	8h	339.16	−0.268%	$306K	$167K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.08	−0.291%	$964K	$3.7M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.76	−0.385%	—	$53K	25x	as long as short
Extended AAPL_24_5-USD	+0.0048%	1h	339.11	−0.284%	$285K	$1.5M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.326%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.06	−0.297%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.353%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0051%	8h	339.17	−0.265%	$22.4M	$67.2M	25x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.10	−0.285%	$3.2M	$5.1M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.87	−0.353%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.81	−0.371%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.04	−0.303%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.11	−0.283%	$11K	—	10x	as long as short
Lighter AAPL	+0.0112%	1h	339.04	−0.304%	$773K	$2.4M	20x	as long as short
Nado AAPL-PERP	+0.0117%	1h	338.84	−0.360%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0144%	1h	339.03	−0.306%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.306%	$660K	$677K	10x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	340.07	long leg	$191K	$44K	30x
tradeXYZ xyz:AAPL	+0.0224%	1h	339.05	−0.300%	$40.9M	$76.5M	20x	as long as short
Phoenix AAPL	+0.0354%	1h	339.20	−0.256%	$2K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	339.06	−0.297%	$270K	$70K	20x	as long as short