Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.053%

Price spread now: Binance against Injective+0.083%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.083%, 7d avg −0.074%

Together, before fees−0.488%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.157% dearer against Injective than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.074%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.02	0.0220	pay 0.0028% / 1h	21m 13s	$191K	$44K	30x
Short	Binance AAPLUSDT	339.30	0	get 0.0000% / 8h	3h 21m	$21.9M	$67.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.083%Rate

Funding earned: −$46.2
Price spread: +0.083% → −0.074%: $15.71
Slippage, 4 orders: −$20.96
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.47
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Injective: live order book, 33 min ago; Binance: live order book, 6 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, 33 min ago	9.89 bp	9.9 bp −$10	9.9 bp −$99	57596.6 bp −$5.76M	327982.7 bp −$163.99M
Sell Binance live order book, 6 min ago	0.15 bp	5.6 bp −$6	8.8 bp −$88	25.0 bp −$2,502	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	−0.0225%	4h	339.17	+0.043%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0074%	1h	339.28	+0.078%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.31	+0.084%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.20	+0.054%	$287K	$1.8M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	339.30	+0.083%	$21.9M	$67.0M	25x
Bybit AAPLUSDT	0.0000%	8h	339.25	+0.068%	$5.8M	$70.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.26	+0.071%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.02	0.000%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.32	+0.088%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.12	+0.028%	$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	339.13	+0.033%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.27	+0.074%	$536	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.17	+0.044%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.41	+0.115%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.22	+0.059%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	339.28	+0.077%	$340K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.15	+0.038%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.19	+0.050%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.18	+0.047%	$941K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	339.20	+0.053%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.04	+0.006%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.09	+0.021%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	+0.047%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.15	+0.038%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.20	+0.053%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.93	−0.027%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.071%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.27	+0.074%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.13	+0.032%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.21	+0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.23	+0.062%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.02	long leg	$191K	$44K	30x
Phoenix AAPL	+0.0236%	1h	339.27	+0.074%	$5K	$11K	20x	as long as short