Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0170%/8hnext payment −$0.21 per $10,000 · paid last 24h −0.051%

Price spread now: SoDEX against Injective+0.062%7-day average — · you sell dearer than you buy

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.062% dearer against Injective than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.15	0.0220	pay 0.0028% / 1h	22m 40s	$191K	$44K	30x
Short	SoDEX AAPL-USD	339.36	0.0050	get 0.0006% / 1h	22m 40s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$35.7
Price spread: +0.062% → 0.000%: $6.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$37.53
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 10 min ago; SoDEX: no order-book sample. 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 Injective live order book, 10 min ago	9.28 bp	9.3 bp −$9	9.3 bp −$93	57599.7 bp −$5.76M	327998.0 bp −$164.00M
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0413%	4h	339.44	+0.085%	$81K	$325K	20x	as long as short
Hotstuff AAPL-PERP	−0.0032%	1h	339.36	+0.062%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	−0.0030%	8h	339.16	+0.003%	$1.4M	$26K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.41	+0.077%	$128K	$282K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.40	+0.075%	$286K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.41	+0.077%	$22.3M	$63.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.45	+0.088%	$6.6M	$24.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.32	+0.050%	$6.6M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.21	+0.018%	$3.0M	$3.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.39	+0.071%	$6.3M	$3.0M	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	339.44	+0.084%	$2.1M	$1.0M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.39	+0.071%	$12K	$524K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.45	+0.088%	$645	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.52	+0.109%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.61	+0.136%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.42	+0.080%	$3.3M	$4.6M	10x	as long as short
BloFin AAPL-USDT	+0.0015%	8h	339.44	+0.086%	$316K	$157K	20x	as long as short
Lighter AAPL	+0.0032%	1h	339.39	+0.070%	$711K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.37	+0.065%	$960K	$3.9M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.39	+0.071%	$270K	$81K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.19	+0.012%	—	$9K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.30	+0.044%	$267K	$283K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	339.36	+0.062%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.11	−0.012%	$1.2M	$2.0M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	339.35	+0.059%	$41.3M	$75.6M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.36	+0.062%	$662K	$562K	10x	as long as short
Nado AAPL-PERP	+0.0083%	1h	339.29	+0.041%	$557K	$34K	20x	as long as short
Phoenix AAPL	+0.0094%	1h	339.55	+0.118%	$2K	$12K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.22	+0.021%	$948K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.34	+0.056%	$4K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	339.39	+0.071%	$28K	$64K	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.36	+0.063%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.15	long leg	$191K	$44K	30x