Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: HTX against Injective−0.077%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Injective Short on HTX

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)+0.147%+$15 · spread now −0.077%, 7d avg −0.049%

Together, before fees−0.304%−$30 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 HTX is 0.028% cheaper against Injective than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.50	0.0220	pay 0.0028% / 1h	13m 18s	$191K	$44K	30x
Short	HTX AAPL-USDT	339.24	0	get 0.0000% / 8h	1h 13m	$53K	$222K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$46.2
Price spread: −0.077% → −0.049%: −$2.8
Slippage, 4 orders: −$29.83
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$90.85
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Injective: live order book, 5 min ago; HTX: live order book, 3 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, 5 min ago	10.02 bp	10.0 bp −$10	10.0 bp −$100	57594.0 bp −$5.76M	327969.7 bp −$163.98M
Sell HTX live order book, 3 min ago	2.80 bp	13.0 bp −$13	15.7 bp −$157	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	−0.0896%	4h	339.04	−0.136%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0006%	8h	339.09	−0.121%	$351K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.14	−0.107%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	−0.094%	$6.1M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	−0.115%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.174%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.08	−0.124%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.07	−0.125%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.10	−0.119%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.11	−0.115%	$576	$4.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.81	−0.203%	$28K	$65K	10x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.24	−0.077%	$53K	$222K	30x
Phemex AAPLUSDT	0.0000%	4h	339.13	−0.109%	$2.1M	$7K	10x	as long as short
Binance AAPLUSDT	+0.0006%	8h	339.13	−0.109%	$22.4M	$67.3M	25x	as long as short
Extended AAPL_24_5-USD	+0.0008%	1h	339.06	−0.129%	$285K	$1.5M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	−0.141%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.230%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.86	−0.189%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.00	−0.147%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.224%	$1.5M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	338.99	−0.150%	$772K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.02	−0.141%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.94	−0.165%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0080%	1h	338.82	−0.199%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.194%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.227%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.98	−0.153%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	−0.141%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.138%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0186%	1h	339.02	−0.141%	$40.9M	$76.6M	20x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.50	long leg	$191K	$44K	30x
Phoenix AAPL	+0.0354%	1h	339.08	−0.124%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.00	−0.147%	$270K	$70K	20x	as long as short