Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0227%/8h= −24.8% APRpaid last 24h −0.041%

Price spread now: BloFin against Injective+0.038%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Injective Short on BloFin

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)+0.088%+$9 · spread now +0.038%, 7d avg −0.059%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.097% dearer against Injective than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.059%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.58	0.0220	pay 0.0028% / 1h	31m 55s	$191K	$44K	30x
Short	BloFin AAPL-USDT	339.71	−0.0007	pay 0.0007% / 8h	1h 31m	$342K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$47.57
Price spread: +0.038% → −0.059%: $9.7
Slippage, 4 orders: −$20.52
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$70.4
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Injective: live order book, 12 min ago; BloFin: live order book, 53 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, 12 min ago	7.95 bp	8.0 bp −$8	8.0 bp −$80	57589.5 bp −$5.76M	327946.9 bp −$163.97M
Sell BloFin live order book, 53 min ago	0.15 bp	6.2 bp −$6	7.9 bp −$79	22.2 bp −$2,222	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	−0.0257%	4h	339.61	+0.010%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0058%	1h	339.63	+0.016%	$556K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0007%	8h	339.71	+0.038%	$342K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.64	+0.017%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	+0.014%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.71	+0.038%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.74	+0.047%	$5.9M	$112.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	+0.035%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.48	−0.029%	$3.0M	$5.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.053%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.77	+0.057%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	+0.034%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.69	+0.032%	$540	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.61	+0.009%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.062%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.77	+0.056%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	+0.021%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.66	+0.024%	$663K	$663K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.64	+0.018%	$907K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.65	+0.021%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	+0.006%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.58	0.000%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.62	+0.012%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	+0.018%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	+0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.50	−0.024%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.56	−0.006%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.58	0.000%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.57	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.60	+0.006%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.63	+0.015%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.065%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.58	long leg	$191K	$44K	30x