Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.039%

Price spread now: Polymarket Perps against KuCoin−0.006%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1181.178% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.006%, 7d avg −0.016%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	338.68	0.0100	pay 0.0100% / 8h	6h 42m	$1.4M	$27K	20x
Short	Polymarket Perps AAPL-USD	338.66	0.0050	get 0.0006% / 1h	42m 20s	$261K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.5
Price spread: −0.006% → −0.016%: $1.05
Slippage, 4 orders: −$97.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$127.25
Costs to cover: 1.178%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Polymarket Perps: live order book, 25 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 KuCoin live order book, 8 min ago	5.90 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	1.63 bp	7.3 bp −$7	7.6 bp −$76	10.3 bp −$1,025	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	−0.0775%	4h	338.85	+0.051%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0067%	1h	338.80	+0.034%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.95	+0.079%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.99	+0.092%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.94	+0.077%	$6.4M	$6.6M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.89	+0.062%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.75	+0.021%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	+0.092%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.87	+0.057%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	+0.077%	$780	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.80	+0.035%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.07	+0.115%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.95	+0.080%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0028%	1h	338.90	+0.065%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.80	+0.034%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.84	+0.047%	$953K	$3.5M	20x	as long as short
Variational Omni AAPL	+0.0034%	8h	338.90	+0.066%	$2.4M	$1.4M	—	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.82	+0.041%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	+0.003%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	338.66	−0.006%	$261K	$395K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.89	+0.062%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	+0.068%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.71	+0.009%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0064%	8h	338.96	+0.083%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.88	+0.058%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0095%	1h	338.90	+0.065%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTMlong	+0.0100%	8h	338.68	long leg	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.67	−0.003%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.87	+0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.85	+0.050%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.050%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.65	−0.009%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.95	+0.080%	$5K	$11K	20x	as long as short