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 +0.055%

Price spread now: Injective against Variational Omni−0.066%46s7-day average +0.063% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.066%, 7d avg +0.063%

Together, before fees+0.096%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.130% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.063%). If the spread goes back, that is −$13 on $10k: about 47 hours of funding at the current rate (+$7 a day). The two prices were read 46 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	Variational Omni AAPL	339.12	0	get 0.0000% / 8h	3h 24m	$2.4M	$1.4M	—
Short	Injective AAPL/USDC PERP	338.89	0.0220	get 0.0028% / 1h	24m 27s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −0.066%Rate

Funding earned: $46.2
Price spread: −0.066% → +0.063%: −$12.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $33.22
Costs to cover: 0.000%
Break-even: 2.0 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Injective: live order book, 29 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.04 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell Injective live order book, 29 min ago	9.89 bp	9.9 bp −$10	9.9 bp −$99	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	−0.0890%	4h	339.07	−0.013%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	339.10	−0.005%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.07	−0.014%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.03	−0.024%	$287K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.15	+0.010%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.13	+0.004%	$5.9M	$70.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.12	+0.001%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.93	−0.055%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.21	+0.028%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPLlong	0.0000%	8h	339.12	long leg	$2.4M	$1.4M	—

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	339.09	−0.007%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.10	−0.004%	$570	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.06	−0.016%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.20	+0.025%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.13	+0.004%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0023%	8h	339.11	−0.001%	$340K	$168K	20x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	339.03	−0.025%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.00	−0.034%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.00	−0.033%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.03	−0.025%	$941K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.96	−0.046%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.94	−0.052%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.05	−0.019%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.05	−0.019%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.028%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.072%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.099%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.08	−0.010%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.069%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	−0.028%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	−0.039%	$11K	—	10x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	338.89	−0.066%	$191K	$44K	30x
Phoenix AAPL	+0.0236%	1h	339.20	+0.025%	$5K	$11K	20x	as long as short