Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.090%

Price spread now: KuCoin against Injective+0.015%7-day average −0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1781.780% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.443%−$44 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.015%, 7d avg −0.129%

Together, before fees−0.451%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.144% dearer against Injective than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.129%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAPL/USDC PERP	339.61	0.0220	pay 0.0028% / 1h	8m 39s	$191K	$44K	30x
Short	KuCoin AAPLUSDTM	339.66	0.0100	get 0.0100% / 8h	8m 39s	$1.4M	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$25.2
Price spread: +0.015% → −0.129%: $14.36
Slippage, 4 orders: −$166.02
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$188.88
Costs to cover: 1.780%
Break-even: never at this rate

Slippage from Injective: live order book, 30 min ago; KuCoin: live order book, 7 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, 30 min ago	15.73 bp	15.7 bp −$16	11281.0 bp −$112.8K	202807.4 bp −$20.28M	1054032.8 bp −$527.02M
Sell KuCoin live order book, 7 min ago	6.03 bp	59.5 bp −$59	doesn't fit	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	−0.0191%	4h	339.74	+0.038%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0145%	1h	339.75	+0.042%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.78	+0.050%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	+0.043%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.75	+0.042%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.82	+0.063%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.79	+0.053%	$6.2M	$161.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	+0.047%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.62	+0.003%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.85	+0.071%	$6.2M	$3.6M	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	339.77	+0.049%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	+0.062%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	+0.059%	$680	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.64	+0.009%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.89	+0.082%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.79	+0.053%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.79	+0.053%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	+0.047%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	+0.044%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.69	+0.024%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.71	+0.029%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.78	+0.050%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.78	+0.050%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	+0.038%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.77	+0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.59	−0.006%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.018%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.66	+0.015%	$1.4M	$55K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.65	+0.012%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.69	+0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.71	+0.030%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERPlong	+0.0220%	1h	339.61	long leg	$191K	$44K	30x
Phoenix AAPL	+0.0259%	1h	339.85	+0.071%	$5K	$12K	20x	as long as short