Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: Injective against SunX+0.121%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1181.184% of the position
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)−0.191%−$19 · spread now +0.121%, 7d avg +0.070%
Together, before fees+0.260%+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.051% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX AAPL-USDT339.000get 0.0000% / 8h2h 28m$671$4.8M20x
ShortInjective AAPL/USDC PERP339.410.0220get 0.0028% / 1h28m 43s$191K$44K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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

Funding earned
$46.2
Price spread: +0.121% → +0.070%
$5.13
Slippage, 4 orders
−$110.4
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$67.09
Costs to cover
1.184%
Break-even
17.2 days
Slippage from SunX: live order book, 10 min ago; Injective: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago44.69 bp49.2 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Injective live order book, 60 min ago9.88 bp10.2 bp −$1010.2 bp −$102doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0202%4h338.98−0.007%$81K$327K20xas long as short
BloFin AAPL-USDT−0.0003%8h339.10+0.029%$355K$165K20xas long as short
Aster AAPLUSDT0.0000%8h338.80−0.060%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.97−0.008%$284K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.01+0.003%$22.1M$66.7M25xas long as short
Bybit AAPLUSDT0.0000%8h339.06+0.018%$6.3M$24.9M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.01+0.003%$6.6M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.83−0.050%$3.0M$4.1M100xas long as short
Bitget AAPLUSDT0.0000%8h339.07+0.021%$6.2M$3.3M100xas long as short
Variational Omni AAPL0.0000%8h338.99−0.004%$2.2M$1.1Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h339.000.000%$14K$522K10xas long as short
SunX AAPL-USDTlong0.0000%8h339.00long leg$671$4.8M20x
HTX AAPL-USDT0.0000%8h338.95−0.015%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.08+0.024%$2.1M$7K10xas long as short
Lighter AAPL+0.0032%1h338.94−0.017%$755K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.99−0.003%$976K$3.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0045%1h338.95−0.015%$28K$65K10xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.74−0.077%$43K25xas long as short
QFEX AAPL-USD+0.0049%1h338.92−0.024%$3.2M$4.9M10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.71−0.086%$271K$383K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.98−0.006%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.80−0.059%$1.3M$2.2M20xas long as short
Nado AAPL-PERP+0.0074%1h338.79−0.061%$556K$34K20xas long as short
KuCoin AAPLUSDTM+0.0095%8h338.82−0.053%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.77−0.068%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.93−0.021%$4K10xas long as short
Hotstuff AAPL-PERP+0.0104%1h338.98−0.006%$36K20xas long as short
Aevo AAPL-PERP+0.0104%1h338.97−0.009%$11K10xas long as short
Coinbase International AAPL-PERP-INTX+0.0144%1h338.96−0.012%$658K$671K10xas long as short
tradeXYZ xyz:AAPL+0.0202%1h338.98−0.006%$40.7M$76.7M20xas long as short
Injective AAPL/USDC PERPshort+0.0220%1h339.41+0.121%$191K$44K30x
Phoenix AAPL+0.0283%1h339.06+0.018%$2K$12K20xas long as short
Arcus AAPL-USD+0.0310%1h338.95−0.015%$270K$69K20xas long as short