Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.089%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.089%, 7d avg +0.073%
=The price spread sits at its 7-day average of +0.073%, 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 | Polymarket Perps AAPL-USD | 338.35 | 0.0050 | pay 0.0006% / 1h | 11m 16s | $263K | $394K | 10x |
| Short | Bybit AAPLUSDT | 338.65 | 0 | get 0.0000% / 8h | 7h 11m | $6.0M | $39.4M | 100x |
Polymarket Perps AAPL-USD
Bybit AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.089% → +0.073%
- $1.56
- Slippage, 4 orders
- −$7.61
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$35.56
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 61 min ago; Bybit: live order book, 3 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 Polymarket Perps live order book, 61 min ago | 2.66 bp | 6.9 bp −$7 | 7.0 bp −$70 | 8.8 bp −$885 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.15 bp | 6.2 bp −$6 | 9.1 bp −$91 | 33.3 bp −$3,330 | 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 | −0.0850% | 4h | 338.57 | +0.065% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0341% | 1h | 338.33 | −0.006% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0023% | 1h | 338.58 | +0.069% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.69 | +0.101% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 338.65 | +0.089% | $6.0M | $39.4M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.68 | +0.098% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.41 | +0.018% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.67 | +0.095% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.67 | +0.095% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.60 | +0.074% | $542 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
Aster AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.70 | +0.103% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.60 | +0.074% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.49 | +0.041% | $765K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.55 | +0.059% | $956K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.48 | +0.038% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.59 | +0.071% | $40.8M | $75.9M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 338.35 | long leg | $263K | $394K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.60 | +0.074% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.34 | −0.003% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.59 | +0.071% | $3.2M | $5.0M | 10x | as long as short |
| Variational Omni AAPL | +0.0060% | 8h | 338.62 | +0.078% | $2.4M | $1.4M | — | as long as short |
| BloFin AAPL-USDT | +0.0068% | 8h | 338.81 | +0.136% | $345K | $169K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0080% | 1h | 338.60 | +0.074% | $36K | — | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0088% | 1h | 338.54 | +0.057% | $286K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0090% | 8h | 338.61 | +0.077% | $22.2M | $66.8M | 25x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.63 | +0.083% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.51 | +0.047% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.52 | +0.050% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.56 | +0.061% | $10K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | +0.047% | $655K | $670K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.52 | +0.050% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.71 | +0.106% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.56 | +0.062% | $269K | $70K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Variational Omni AAPL
BloFin AAPL-USDT
Hotstuff AAPL-PERP
Extended AAPL_24_5-USD
Binance AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD