Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against GRVT−0.109%63s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as 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−$250.247% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.109%, 7d avg −0.082%

Together, before fees+0.074%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.027% cheaper against GRVT than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.082%). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day). The two prices were read 63 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	GRVT AAPL_USDT_Perp	339.82	0	get 0.0000% / 8h	7h 55m	$13K	$349K	10x
Short	Polymarket Perps AAPL-USD	339.45	0.0050	get 0.0006% / 1h	55m 41s	$279K	$416K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. 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 GRVTbpFee Polymarket PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: $10.5
Price spread: −0.109% → −0.082%: −$2.66
Slippage, 4 orders: −$7.73
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.89
Costs to cover: 0.247%
Break-even: 18.3 days

Slippage from GRVT: live order book, 42 min ago; Polymarket Perps: live order book, 42 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 GRVT live order book, 42 min ago	1.33 bp	7.5 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 42 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	−0.0495%	4h	339.85	+0.009%	$81K	$329K	20x	as long as short
Nado AAPL-PERP	−0.0014%	1h	339.74	−0.024%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.86	+0.011%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.84	+0.006%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.93	+0.032%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.04	+0.065%	$6.3M	$173.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.95	+0.038%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.65	−0.050%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.72	−0.029%	$3.0M	$5.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.90	+0.024%	$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	339.93	+0.031%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perplong	0.0000%	8h	339.82	long leg	$13K	$349K	10x
SunX AAPL-USDT	0.0000%	8h	339.92	+0.029%	$942	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.77	−0.015%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.02	+0.059%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.92	+0.029%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.87	+0.015%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	339.83	+0.003%	$346K	$167K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.079%	$660K	$652K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.88	+0.018%	$942K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.80	−0.006%	$952K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.85	+0.009%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.70	−0.035%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	339.45	−0.109%	$279K	$416K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.77	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.73	−0.026%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0066%	1h	339.72	−0.029%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.70	−0.035%	$1.4M	$57K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.026%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.82	0.000%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.004%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.69	−0.038%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.94	+0.035%	$5K	$12K	20x	as long as short