Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against OKX−0.062%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.062%, 7d avg +0.104%

Together, before fees+0.459%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.166% cheaper against OKX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.104%). If the spread goes back, that is −$17 on $10k: about 2.5 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	338.87	0	get 0.0000% / 8h	3h 52m	$6.3M	$6.8M	25x
Short	Injective AAPL/USDC PERP	338.66	0.0220	get 0.0028% / 1h	52m 42s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −0.062%Rate

Funding earned: $46.2
Price spread: −0.062% → +0.104%: −$16.58
Slippage, 4 orders: −$23.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$3.55
Costs to cover: 0.332%
Break-even: 7.5 days

Slippage from OKX: live order book, 5 min ago; Injective: live order book, 1 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 OKX live order book, 5 min ago	0.15 bp	6.8 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell Injective live order book, 1 min ago	9.89 bp	9.9 bp −$10	9.9 bp −$99	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	−0.0911%	4h	338.79	−0.023%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0311%	1h	338.56	−0.091%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0114%	1h	338.81	−0.016%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.77	−0.031%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.75	−0.036%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.85	−0.006%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.80	−0.021%	$5.9M	$54.8M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	338.87	long leg	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.61	−0.077%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.94	+0.021%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	338.83	−0.010%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.81	−0.018%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.85	−0.006%	$569	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.99	+0.035%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.032%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0013%	8h	338.86	−0.003%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.80	−0.021%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.72	−0.044%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.72	−0.044%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.044%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.062%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.71	−0.047%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.72	−0.044%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.70	−0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.065%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.69	−0.053%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.027%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.58	−0.086%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.053%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.71	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.74	−0.039%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	338.66	−0.062%	$191K	$44K	30x
Phoenix AAPL	+0.0236%	1h	338.80	−0.021%	$5K	$11K	20x	as long as short