Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate−0.035%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.035%, 7d avg −0.027%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAPL_USDT	338.58	0	get 0.0000% / 8h	4h 48m	$3.0M	$4.2M	100x
Short	Polymarket Perps AAPL-USD	338.46	0.0050	get 0.0006% / 1h	48m 47s	$253K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.5
Price spread: −0.035% → −0.027%: −$0.81
Slippage, 4 orders: −$15.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.27
Costs to cover: 0.390%
Break-even: 26.5 days

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 9 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 Gate live order book, 4 min ago	1.63 bp	13.9 bp −$14	27.7 bp −$277	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 9 min ago	2.07 bp	7.5 bp −$8	7.7 bp −$77	9.7 bp −$972	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	−0.0385%	4h	338.78	+0.060%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0011%	8h	338.80	+0.065%	$342K	$168K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	338.74	+0.047%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0006%	1h	338.58	−0.001%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.79	+0.061%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.71	+0.038%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.83	+0.074%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.80	+0.065%	$5.9M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.89	+0.092%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDTlong	0.0000%	8h	338.58	long leg	$3.0M	$4.2M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	338.87	+0.086%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.82	+0.072%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.84	+0.077%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.75	+0.050%	$515	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.53	−0.015%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.82	+0.071%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.81	+0.068%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.71	+0.038%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.62	+0.013%	$779K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.67	+0.027%	$946K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	+0.041%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.53	−0.015%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	338.46	−0.035%	$253K	$395K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.64	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.56	−0.006%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0057%	1h	338.73	+0.044%	$40.5M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	+0.059%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.68	+0.030%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.58	0.000%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.62	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.63	+0.015%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.018%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.82	+0.071%	$5K	$11K	20x	as long as short