Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: SunX against Injective+0.053%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.053%, 7d avg −0.067%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.120% dearer against Injective than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.067%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.51	0.0220	pay 0.0028% / 1h	30m 44s	$191K	$44K	30x
Short	SunX AAPL-USDT	339.69	0	get 0.0000% / 8h	1h 30m	$683	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$46.2
Price spread: +0.053% → −0.067%: $12.05
Slippage, 4 orders: −$110.31
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$152.48
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from Injective: live order book, 13 min ago; SunX: live order book, 8 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, 13 min ago	7.95 bp	8.0 bp −$8	8.0 bp −$80	57589.5 bp −$5.76M	327946.9 bp −$163.97M
Sell SunX live order book, 8 min ago	44.90 bp	49.3 bp −$49	doesn't fit	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	−0.0349%	4h	339.67	+0.046%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0060%	1h	339.58	+0.021%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	+0.026%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.60	+0.026%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.70	+0.057%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.73	+0.065%	$7.0M	$112.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	+0.056%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.46	−0.015%	$3.0M	$5.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.074%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.70	+0.057%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.063%	$16K	$402K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.69	+0.053%	$683	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.55	+0.012%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.77	+0.077%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.77	+0.077%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0015%	8h	339.71	+0.059%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.63	+0.035%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.66	+0.044%	$663K	$663K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.63	+0.035%	$907K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.63	+0.035%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	+0.024%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.006%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.58	+0.021%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.63	+0.035%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	+0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.50	−0.003%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.52	+0.003%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.57	+0.018%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.57	+0.018%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.59	+0.023%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0120%	1h	339.62	+0.032%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.085%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.51	long leg	$191K	$44K	30x