Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.010%

Price spread now: Polymarket Perps against BloFin−0.044%45s7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as 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−$220.223% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.044%, 7d avg −0.091%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.046% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.091%. The two prices were read 45 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	BloFin AAPL-USDT	339.22	0.0011	pay 0.0011% / 8h	2h 52m	$342K	$168K	20x
Short	Polymarket Perps AAPL-USD	339.07	0.0050	get 0.0006% / 1h	52m 08s	$277K	$408K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.044%Rate

Funding earned: $8.22
Price spread: −0.044% → −0.091%: $4.63
Slippage, 4 orders: −$2.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.4
Costs to cover: 0.223%
Break-even: 15.0 days

Slippage from BloFin: live order book, 38 min ago; Polymarket Perps: live order book, 60 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 BloFin live order book, 38 min ago	0.29 bp	6.4 bp −$6	8.2 bp −$82	20.3 bp −$2,028	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	0.15 bp	4.1 bp −$4	6.6 bp −$66	8.7 bp −$870	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	−0.0940%	4h	339.21	−0.004%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0067%	1h	339.04	−0.054%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.05	−0.050%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.07	−0.043%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.16	−0.018%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.25	+0.009%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	−0.012%	$7.0M	$81.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.20	−0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.99	−0.068%	$3.0M	$4.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.31	+0.027%	$6.2M	$3.5M	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	339.29	+0.019%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.30	+0.022%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.23	+0.003%	$580	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.09	−0.038%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.027%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.012%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDTlong	+0.0011%	8h	339.22	long leg	$342K	$168K	20x
QFEX AAPL-USD	+0.0020%	1h	339.11	−0.032%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.01	−0.061%	$827K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.03	−0.056%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.05	−0.050%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.080%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	−0.041%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.05	−0.050%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	339.07	−0.044%	$277K	$408K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.05	−0.050%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.08	−0.041%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.12	−0.029%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.07	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	−0.043%	$11K	—	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.29	+0.021%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.050%	$191K	$44K	30x	as long as short