Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against OKX+0.088%68s7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as 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−$340.338% of the position

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.088%, 7d avg +0.099%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 68 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	OKX AAPL-USDT-SWAP	339.58	0	get 0.0000% / 8h	1h 18m	$6.3M	$6.9M	25x
Short	Injective AAPL/USDC PERP	339.88	0.0220	get 0.0028% / 1h	18m 18s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +0.088%Rate

Funding earned: $46.2
Price spread: +0.088% → +0.099%: −$1.11
Slippage, 4 orders: −$23.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $11.29
Costs to cover: 0.338%
Break-even: 5.3 days

Slippage from OKX: live order book, 5 min ago; Injective: live order book, 26 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 OKX live order book, 5 min ago	0.15 bp	8.2 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Injective live order book, 26 min ago	7.95 bp	11.7 bp −$12	11.8 bp −$118	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	−0.0660%	4h	339.48	−0.029%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0051%	1h	339.38	−0.058%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.52	−0.018%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0019%	8h	339.51	−0.021%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.49	−0.025%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.51	−0.022%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.55	−0.010%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.59	+0.003%	$6.5M	$121.8M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.58	long leg	$6.3M	$6.9M	25x
Gate AAPL_USDT	0.0000%	8h	339.35	−0.068%	$3.0M	$5.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.63	+0.015%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.50	−0.022%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.56	−0.006%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.58	0.000%	$513	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.36	−0.065%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.69	+0.032%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.65	+0.021%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.50	−0.024%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.009%	$660K	$668K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.49	−0.027%	$944K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.49	−0.027%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.46	−0.035%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.35	−0.068%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.46	−0.035%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.54	−0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.29	−0.085%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0060%	1h	339.53	−0.015%	$40.6M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.077%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.29	−0.085%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.43	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.47	−0.032%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.63	+0.015%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.88	+0.088%	$191K	$44K	30x