Funding you earn now, next payment 07:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.057%
Price spread now: tradeXYZ against Injective−0.103%54s7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.103%, 7d avg −0.152%
=Together, before fees−0.353%+ Points / potential airdroptradeXYZ: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.049% dearer against Injective than usual: you sell high and buy low (spread −0.103% now, against its 7-day average of −0.152%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AAPL/USDC PERP | 339.88 | 0.0220 | pay 0.0028% / 1h | 18m 15s | $191K | $44K | 30x |
| Short | tradeXYZ xyz:AAPL | 339.53 | 0.0060 | get 0.0008% / 1h | 18m 15s | $40.6M | $76.5M | 20x |
Injective AAPL/USDC PERP
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$33.52
- Price spread: −0.103% → −0.152%
- $4.9
- Slippage, 4 orders
- −$21.77
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$68.41
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Injective: live order book, 26 min ago; tradeXYZ: live order book, 11 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, 26 min ago | 7.95 bp | 8.0 bp −$8 | 8.0 bp −$80 | 57589.5 bp −$5.76M | 327946.9 bp −$163.97M |
| Sell tradeXYZ live order book, 11 min ago | 0.44 bp | 9.9 bp −$10 | 13.1 bp −$131 | 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 | −0.0660% | 4h | 339.48 | −0.117% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0051% | 1h | 339.38 | −0.146% | $555K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0040% | 1h | 339.52 | −0.106% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | −0.0019% | 8h | 339.51 | −0.109% | $342K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.49 | −0.114% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.51 | −0.110% | $285K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.55 | −0.098% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.59 | −0.085% | $6.5M | $121.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.58 | −0.088% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.35 | −0.156% | $3.0M | $5.2M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.63 | −0.074% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.50 | −0.110% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.56 | −0.095% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.58 | −0.088% | $513 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.36 | −0.153% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.69 | −0.056% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.65 | −0.068% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.50 | −0.112% | $3.3M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.55 | −0.097% | $660K | $668K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.49 | −0.116% | $944K | $2.7M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.49 | −0.115% | $944K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.46 | −0.124% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.35 | −0.156% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.46 | −0.124% | $279K | $424K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.54 | −0.100% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.29 | −0.174% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0060% | 1h | 339.53 | −0.103% | $40.6M | $76.5M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.32 | −0.165% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.29 | −0.174% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.43 | −0.132% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.47 | −0.121% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.63 | −0.074% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERPlong | +0.0220% | 1h | 339.88 | long leg | $191K | $44K | 30x |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL