Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.066%

Price spread now: Injective against Bitget+0.133%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Bitget Short on Injective

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)−0.239%−$24 · spread now +0.133%, 7d avg +0.075%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.057% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAPLUSDT	339.05	0.0064	pay 0.0064% / 8h	22m 52s	$6.2M	$3.5M	100x
Short	Injective AAPL/USDC PERP	339.50	0.0220	get 0.0028% / 1h	22m 52s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +0.133%Rate

Funding earned: $32.76
Price spread: +0.133% → +0.075%: $5.72
Slippage, 4 orders: −$23.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $2.84
Costs to cover: 0.356%
Break-even: 6.4 days

Slippage from Bitget: live order book, 5 min ago; Injective: live order book, 56 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 Bitget live order book, 5 min ago	0.15 bp	7.0 bp −$7	12.0 bp −$120	46.4 bp −$4,639	doesn't fit
Sell Injective live order book, 56 min ago	10.02 bp	10.0 bp −$10	10.0 bp −$100	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	−0.0702%	4h	339.01	−0.013%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.02	−0.009%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.08	+0.009%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.00	−0.015%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.81	−0.071%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.06	+0.003%	$363	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.69	−0.106%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.19	+0.041%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.05	0.000%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0021%	8h	339.08	+0.008%	$14K	$498K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	338.97	−0.024%	$966K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.71	−0.100%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.87	−0.053%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.93	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.78	−0.080%	$1.4M	$2.4M	20x	as long as short
Bitget AAPLUSDTlong	+0.0064%	8h	339.05	long leg	$6.2M	$3.5M	100x
QFEX AAPL-USD	+0.0064%	1h	339.05	0.000%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.93	−0.037%	$772K	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0081%	8h	339.05	−0.001%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	338.92	−0.038%	$36K	—	20x	as long as short
BloFin AAPL-USDT	+0.0099%	8h	339.05	0.000%	$350K	$167K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.065%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.083%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.97	−0.024%	$4K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0104%	1h	339.00	−0.015%	$285K	$1.5M	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.00	−0.013%	$11K	—	10x	as long as short
Binance AAPLUSDT	+0.0107%	8h	339.06	+0.003%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0119%	1h	338.78	−0.081%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0186%	1h	338.92	−0.038%	$40.8M	$76.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.006%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.50	+0.133%	$191K	$44K	30x
Phoenix AAPL	+0.0330%	1h	339.02	−0.009%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.93	−0.035%	$269K	$70K	20x	as long as short