Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.057%

Price spread now: Bitget against Injective−0.085%51s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$370.369% of the position

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.442%−$44 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.085%, 7d avg −0.070%

Together, before fees−0.251%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 51 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	340.06	0.0220	pay 0.0028% / 1h	50m 28s	$191K	$44K	30x
Short	Bitget AAPLUSDT	339.77	0	get 0.0000% / 8h	1h 50m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$46.2
Price spread: −0.085% → −0.070%: −$1.54
Slippage, 4 orders: −$24.91
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.68
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Injective: live order book, 58 min ago; Bitget: live order book, 3 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, 58 min ago	9.88 bp	9.9 bp −$10	9.9 bp −$99	57599.3 bp −$5.76M	327995.9 bp −$164.00M
Sell Bitget live order book, 3 min ago	0.15 bp	9.2 bp −$9	14.0 bp −$140	50.2 bp −$5,020	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	−0.0856%	4h	339.67	−0.116%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0047%	1h	339.55	−0.151%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.62	−0.128%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.65	−0.121%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.74	−0.094%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.72	−0.100%	$7.0M	$104.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.69	−0.109%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.173%	$3.0M	$4.9M	100x	as long as short
Bitget AAPLUSDTshort	0.0000%	8h	339.77	−0.085%	$6.2M	$3.5M	100x
Variational Omni AAPL	0.0000%	8h	339.73	−0.099%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	−0.106%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.71	−0.103%	$897	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.85	−0.062%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	−0.094%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0009%	8h	339.72	−0.100%	$341K	$168K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	339.58	−0.141%	$28K	$68K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.59	−0.138%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.66	−0.118%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.150%	$660K	$657K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.64	−0.123%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.65	−0.121%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	−0.138%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.168%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	−0.124%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	−0.126%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.171%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0096%	1h	339.66	−0.118%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.49	−0.168%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.45	−0.179%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.58	−0.141%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.59	−0.138%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.74	−0.094%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	340.06	long leg	$191K	$44K	30x