Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.090%
Price spread now: Injective against KuCoin−0.032%55s7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as 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−$1561.564% of the position
Funding, last 7 days+0.443%+$44 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.032%, 7d avg +0.134%
=Funding pays, the price is against you. Injective is 0.167% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.134%). If the spread goes back, that is −$17 on $10k: about 4.6 days of funding at the current rate (+$4 a day). The two prices were read 55 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 | KuCoin AAPLUSDTM | 339.01 | 0.0100 | pay 0.0100% / 8h | 5h 48m | $1.4M | $27K | 20x |
| Short | Injective AAPL/USDC PERP | 338.90 | 0.0220 | get 0.0028% / 1h | 48m 16s | $191K | $44K | 30x |
KuCoin AAPLUSDTM
Injective AAPL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: −0.032% → +0.134%
- −$16.68
- Slippage, 4 orders
- −$144.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$147.85
- Costs to cover
- 1.564%
- Break-even
- 48.1 days
Slippage from KuCoin: live order book, 2 min ago; Injective: live order book, 16 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 KuCoin live order book, 2 min ago | 14.02 bp | 78.5 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 16 min ago | 8.99 bp | 10.9 bp −$11 | 11.0 bp −$110 | doesn't fit | doesn't fit |
AAPL on 32 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 | −0.0552% | 4h | 339.08 | +0.019% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0073% | 1h | 338.99 | −0.006% | $555K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0032% | 1h | 338.93 | −0.024% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.00 | −0.004% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.03 | +0.005% | $285K | $2.0M | 10x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.09 | +0.024% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.16 | +0.044% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.88 | −0.038% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.17 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.13 | +0.037% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.18 | +0.049% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.10 | +0.027% | $359 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.94 | −0.021% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.23 | +0.065% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.047% | $2.1M | $6K | 10x | as long as short |
| Binance AAPLUSDT | +0.0003% | 8h | 339.12 | +0.032% | $22.3M | $66.9M | 25x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 338.99 | −0.006% | $3.3M | $4.8M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.94 | −0.021% | $756K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.00 | −0.003% | $951K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.01 | 0.000% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.83 | −0.053% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.98 | −0.009% | $656K | $663K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.95 | −0.018% | $40.7M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.84 | −0.050% | $262K | $371K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.99 | −0.006% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.87 | −0.041% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 339.01 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.97 | −0.012% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.99 | −0.005% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERPshort | +0.0220% | 1h | 338.90 | −0.032% | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0259% | 1h | 339.16 | +0.044% | $5K | $11K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Binance AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL