Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.051%
Price spread now: Coinbase International against Injective−0.080%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days−0.405%−$40 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.080%, 7d avg −0.131%
=The price spread pays, funding is against you. Coinbase International is 0.051% dearer against Injective than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.131%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.405% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AAPL/USDC PERP | 338.78 | 0.0220 | pay 0.0028% / 1h | 23m 18s | $191K | $44K | 30x |
| Short | Coinbase International AAPL-PERP-INTX | 338.51 | 0.0136 | get 0.0017% / 1h | 23m 18s | $655K | $665K | 10x |
Injective AAPL/USDC PERP
Coinbase International AAPL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.64
- Price spread: −0.080% → −0.131%
- $5.13
- Slippage, 4 orders
- −$26.56
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$49.09
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Injective: live order book, 45 min ago; Coinbase International: live order book, 45 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, 45 min ago | 8.71 bp | 8.7 bp −$9 | 8.7 bp −$87 | 57590.4 bp −$5.76M | 327951.6 bp −$163.98M |
| Sell Coinbase International live order book, 45 min ago | 1.77 bp | 9.1 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0251% | 1h | 338.85 | +0.021% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0155% | 4h | 339.01 | +0.067% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0066% | 1h | 339.08 | +0.089% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | +0.062% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.18 | +0.118% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.17 | +0.115% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.93 | +0.044% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.19 | +0.121% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.06 | +0.083% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.09 | +0.092% | $916 | $4.7M | 20x | as long as short |
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.19 | +0.121% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.21 | +0.127% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0018% | 8h | 339.02 | +0.072% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.05 | +0.080% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.98 | +0.059% | $742K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | +0.080% | $951K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.96 | +0.053% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | +0.050% | — | $45K | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0048% | 1h | 339.02 | +0.072% | $288K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0050% | 8h | 339.11 | +0.099% | $22.2M | $66.8M | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.83 | +0.015% | $262K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.05 | +0.080% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.81 | +0.009% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0067% | 1h | 339.06 | +0.083% | $40.8M | $75.7M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.05 | +0.080% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.90 | +0.035% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.88 | +0.030% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | +0.092% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.02 | +0.071% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0136% | 1h | 338.51 | −0.080% | $655K | $665K | 10x | |
| Injective AAPL/USDC PERPlong | +0.0220% | 1h | 338.78 | long leg | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0236% | 1h | 339.04 | +0.077% | $5K | $11K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Extended AAPL_24_5-USD
Binance AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL