Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.055%

Price spread now: Injective against Variational Omni−0.066%61s7-day average +0.058% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.066%, 7d avg +0.058%

Together, before fees+0.176%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.124% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.058%). If the spread goes back, that is −$12 on $10k: about 45 hours of funding at the current rate (+$7 a day). The two prices were read 61 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	Variational Omni AAPL	339.92	0	get 0.0000% / 8h	0m 22s	$2.5M	$1.2M	—
Short	Injective AAPL/USDC PERP	339.69	0.0220	get 0.0028% / 1h	0m 22s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −0.066%Rate

Funding earned: $46.2
Price spread: −0.066% → +0.058%: −$12.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $33.74
Costs to cover: 0.000%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: live order book, 38 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	2.03 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit
Sell Injective live order book, 38 min ago	15.73 bp	34.7 bp −$35	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	−0.0293%	4h	339.80	−0.034%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0138%	1h	339.75	−0.049%	$556K	$37K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	−0.046%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.82	−0.028%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.89	−0.006%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.90	−0.004%	$6.1M	$170.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.86	−0.016%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.81	−0.031%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.67	−0.072%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.88	−0.010%	$6.2M	$3.6M	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 AAPLlong	0.0000%	8h	339.92	long leg	$2.5M	$1.2M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	339.84	−0.021%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.91	−0.001%	$421	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.76	−0.046%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.05	+0.040%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.84	−0.022%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0008%	8h	339.82	−0.028%	$344K	$167K	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.79	−0.037%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.80	−0.035%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.78	−0.040%	$956K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.75	−0.049%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.67	−0.072%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.80	−0.034%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.057%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.85	−0.019%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.71	−0.060%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.107%	$660K	$659K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.73	−0.054%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.69	−0.066%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.75	−0.049%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.79	−0.037%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.69	−0.066%	$191K	$44K	30x
Phoenix AAPL	+0.0259%	1h	339.96	+0.013%	$5K	$12K	20x	as long as short