Funding you earn now, next payment 11:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.052%
Price spread now: Injective against KuCoin+0.162%100s7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as 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−$2392.390% of the position
Funding, last 7 days+0.434%+$43 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.162%, 7d avg +0.128%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.034% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.128%. The two prices were read 100 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 | KuCoin AAPLUSDTM | 339.61 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $1.4M | $156K | 20x |
| Short | Injective AAPL/USDC PERP | 340.16 | 0.0220 | get 0.0028% / 1h | 53m 41s | $191K | $44K | 30x |
KuCoin AAPLUSDTM
Injective AAPL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- $25.2
- Price spread: +0.162% → +0.128%
- $3.42
- Slippage, 4 orders
- −$227
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$210.4
- Costs to cover
- 2.390%
- Break-even
- 65.4 days
Slippage from KuCoin: live order book, 5 min ago; Injective: live order book, 58 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 KuCoin live order book, 5 min ago | 7.65 bp | 110.4 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 58 min ago | 9.71 bp | 10.3 bp −$10 | 10.3 bp −$103 | doesn't fit | doesn't fit |
AAPL on 33 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AAPL-PERP | −0.1600% | 1h | 338.08 | −0.451% | $36K | — | 20x | as long as short |
| edgeX AAPLUSDC | −0.0029% | 4h | 339.75 | +0.042% | $81K | $326K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0024% | 8h | 339.82 | +0.062% | $348K | $165K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.84 | +0.068% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.68 | +0.020% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.78 | +0.050% | $22.1M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.73 | +0.035% | $6.6M | $281.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.77 | +0.047% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.63 | +0.006% | $3.0M | $7.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.80 | +0.056% | $6.2M | $3.5M | 100x | as long as short |
Hotstuff AAPL-PERP
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.81 | +0.060% | $2.5M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.91 | +0.088% | $13K | $348K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.81 | +0.059% | $445 | $4.2M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.91 | +0.088% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.76 | +0.044% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0026% | 1h | 339.73 | +0.035% | $3.2M | $4.2M | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.70 | +0.027% | $1.0M | $3.1M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.61 | 0.000% | $267K | $52K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.54 | −0.021% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.71 | +0.029% | $279K | $347K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.67 | +0.018% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.49 | −0.035% | $1.3M | $2.1M | 20x | as long as short |
| Lighter AAPL | +0.0064% | 1h | 339.71 | +0.028% | $931K | $2.5M | 20x | as long as short |
| Nado AAPL-PERP | +0.0076% | 1h | 339.61 | −0.001% | $556K | $29K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 339.77 | +0.047% | $660K | $655K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0082% | 1h | 339.66 | +0.015% | $40.5M | $76.5M | 20x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 339.61 | long leg | $1.4M | $156K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.72 | +0.032% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.67 | +0.018% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.67 | +0.018% | $11K | $102 | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0133% | 1h | 339.69 | +0.024% | $28K | $70K | 10x | as long as short |
| Injective AAPL/USDC PERPshort | +0.0220% | 1h | 340.16 | +0.162% | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0235% | 1h | 339.84 | +0.068% | $5K | $12K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Lighter AAPL
Nado AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Phoenix AAPL