Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against SunX−0.056%61s7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$1191.185% of the position

Long on SunX 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)−0.030%−$3 · spread now −0.056%, 7d avg +0.071%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.127% cheaper against SunX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.071%). If the spread goes back, that is −$13 on $10k: about 46 hours of funding at the current rate (+$7 a day). The two prices were read 61 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	SunX AAPL-USDT	338.84	0	get 0.0000% / 8h	7h 25m	$803	$4.7M	20x
Short	Injective AAPL/USDC PERP	338.65	0.0220	get 0.0028% / 1h	25m 38s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now −0.056%Rate

Funding earned: $46.2
Price spread: −0.056% → +0.071%: −$12.69
Slippage, 4 orders: −$110.48
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$84.99
Costs to cover: 1.185%
Break-even: 19.9 days

Slippage from SunX: live order book, 3 min ago; Injective: live order book, 48 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 SunX live order book, 3 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 48 min ago	10.03 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	−0.0962%	4h	338.93	+0.026%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	338.62	−0.064%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.86	+0.005%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.83	−0.003%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.81	−0.009%	$6.4M	$6.5M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.60	−0.071%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	+0.027%	$13K	$479K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	338.84	long leg	$803	$4.7M	20x
HTX AAPL-USDT	0.0000%	8h	338.94	+0.030%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.90	+0.018%	$2.1M	$6K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	+0.0016%	1h	338.66	−0.053%	$28K	$66K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.67	−0.050%	$770K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.72	−0.035%	$957K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	338.74	−0.030%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0038%	8h	338.83	−0.003%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.57	−0.080%	—	$50K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.73	−0.032%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.62	−0.065%	$263K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.72	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.51	−0.097%	$1.4M	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.79	−0.015%	$3.2M	$5.0M	10x	as long as short
Variational Omni AAPL	+0.0083%	8h	338.82	−0.004%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.60	−0.071%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.032%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.76	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.76	−0.023%	$11K	—	10x	as long as short
Binance AAPLUSDT	+0.0109%	8h	338.81	−0.008%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.73	−0.032%	$286K	$2.4M	10x	as long as short
BloFin AAPL-USDT	+0.0125%	8h	338.82	−0.006%	$346K	$169K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.61	−0.068%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	338.65	−0.056%	$191K	$44K	30x
Phoenix AAPL	+0.0330%	1h	338.96	+0.035%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.77	−0.021%	$269K	$70K	20x	as long as short