Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against HTX−0.035%46s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$360.357% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.035%, 7d avg −0.104%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.069% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.104%. 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	HTX AAPL-USDT	338.84	0	get 0.0000% / 8h	3h 55m	$53K	$225K	30x
Short	Polymarket Perps AAPL-USD	338.72	0.0050	get 0.0006% / 1h	55m 18s	$278K	$405K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.5
Price spread: −0.035% → −0.104%: $6.88
Slippage, 4 orders: −$15.69
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.31
Costs to cover: 0.357%
Break-even: 19.2 days

Slippage from HTX: live order book, 61 min ago; Polymarket Perps: live order book, 62 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 HTX live order book, 61 min ago	2.80 bp	8.8 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 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	−0.0549%	4h	338.78	−0.019%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0104%	1h	338.58	−0.077%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0087%	1h	338.81	−0.008%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.79	−0.015%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.76	−0.025%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.85	+0.003%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.81	−0.009%	$5.9M	$54.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.86	+0.006%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.62	−0.065%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.94	+0.030%	$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	338.83	−0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.81	−0.009%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.83	−0.003%	$610	$4.6M	20x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	338.84	long leg	$53K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	338.83	−0.003%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	338.83	−0.003%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.81	−0.009%	$3.2M	$4.6M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.72	−0.035%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.74	−0.030%	$944K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	338.71	−0.038%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.035%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.053%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.71	−0.038%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	338.72	−0.035%	$278K	$405K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.69	−0.044%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.58	−0.077%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.018%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.62	−0.065%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.056%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.72	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.72	−0.035%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.66	−0.053%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.80	−0.012%	$5K	$11K	20x	as long as short