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: GRVT against Injective−0.148%7-day average −0.090% · 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−$38as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Injective Short on GRVT

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)+0.383%+$38 · spread now −0.148%, 7d avg −0.090%

Together, before fees−0.065%+ Points / potential airdropGRVT: Active · farm board−$7 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 GRVT is 0.059% cheaper against Injective than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	340.37	0.0220	pay 0.0028% / 1h	12m 09s	$192K	$44K	30x
Short	GRVT AAPL_USDT_Perp	339.86	0	get 0.0000% / 8h	7h 12m	$22K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$46.2
Price spread: −0.148% → −0.090%: −$5.87
Slippage, 4 orders: −$23.45
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$84.54
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Injective: live order book, 22 min ago; GRVT: live order book, 20 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, 22 min ago	9.99 bp	10.0 bp −$10	10.0 bp −$100	57602.3 bp −$5.76M	328011.0 bp −$164.01M
Sell GRVT live order book, 20 min ago	1.47 bp	6.0 bp −$6	9.7 bp −$97	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	−0.0543%	4h	339.97	−0.117%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERP	−0.0048%	1h	339.89	−0.141%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0028%	8h	340.03	−0.100%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0018%	1h	339.87	−0.147%	$556K	$35K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.88	−0.143%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.115%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.06	−0.092%	$22.2M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.11	−0.076%	$7.7M	$215.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.00	−0.109%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.88	−0.144%	$3.0M	$6.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	340.02	−0.103%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	−0.098%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perpshort	0.0000%	8h	339.86	−0.148%	$22K	$345K	10x
SunX AAPL-USDT	0.0000%	8h	340.07	−0.088%	$915	$4.3M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.18	−0.056%	$62K	$243K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	−0.085%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.95	−0.123%	$3.2M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.238%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	340.00	−0.109%	$929K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.98	−0.115%	$987K	$3.3M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.92	−0.132%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.77	−0.176%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.96	−0.120%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.144%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.95	−0.123%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.77	−0.176%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.73	−0.188%	$1.4M	$93K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.156%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.91	−0.135%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.90	−0.140%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.95	−0.123%	$28K	$70K	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.08	−0.085%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	340.37	long leg	$192K	$44K	30x