Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bybit−0.091%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.091%, 7d avg −0.072%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	340.16	0.0023	pay 0.0023% / 8h	7h 51m	$6.4M	$179.4M	100x
Short	Polymarket Perps AAPL-USD	339.85	0.0050	get 0.0006% / 1h	51m 04s	$279K	$400K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.091%Rate

Funding earned: $5.72
Price spread: −0.091% → −0.072%: −$1.94
Slippage, 4 orders: −$2.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.57
Costs to cover: 0.213%
Break-even: 28.5 days

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 46 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 Bybit live order book, 3 min ago	0.15 bp	5.6 bp −$6	7.8 bp −$78	23.5 bp −$2,353	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	0.74 bp	4.7 bp −$5	6.4 bp −$64	8.4 bp −$843	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	−0.0110%	4h	340.11	−0.013%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0020%	1h	339.93	−0.067%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.92	−0.070%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.94	−0.063%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.03	−0.039%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.01	−0.044%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.99	−0.050%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.89	−0.079%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.06	−0.029%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.93	−0.069%	$2.5M	$1.2M	—	as long as short

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	340.12	−0.010%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.06	−0.029%	$677	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.84	−0.094%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.14	−0.006%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.07	−0.026%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0001%	8h	340.04	−0.035%	$345K	$167K	20x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.98	−0.053%	$3.2M	$4.2M	10x	as long as short
Bybit AAPLUSDTlong	+0.0023%	8h	340.16	long leg	$6.4M	$179.4M	100x
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.071%	$663K	$658K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.99	−0.050%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.97	−0.056%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	−0.059%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.83	−0.097%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	339.85	−0.091%	$279K	$400K	10x
SoDEX AAPL-USD	+0.0050%	1h	340.02	−0.041%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.87	−0.085%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0081%	1h	340.00	−0.047%	$40.4M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.88	−0.082%	$1.4M	$61K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.94	−0.065%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.95	−0.062%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.95	−0.063%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	−0.009%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.115%	$192K	$44K	30x	as long as short