Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: GRVT against Polymarket Perps+0.009%63s7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.009%, 7d avg +0.082%
=Together, before fees+0.026%+ Points / potential airdropGRVT: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.082%). Swap the legs. 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 | Polymarket Perps AAPL-USD | 339.79 | 0.0050 | pay 0.0006% / 1h | 53m 56s | $279K | $415K | 10x |
| Short | GRVT AAPL_USDT_Perp | 339.82 | 0 | get 0.0000% / 8h | 7h 53m | $13K | $349K | 10x |
Polymarket Perps AAPL-USD
GRVT AAPL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.009% → +0.082%
- −$7.34
- Slippage, 4 orders
- −$7.73
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$42.57
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 43 min ago; GRVT: live order book, 44 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, 43 min ago | 0.74 bp | 5.3 bp −$5 | 5.3 bp −$53 | 7.6 bp −$764 | doesn't fit |
| Sell GRVT live order book, 44 min ago | 1.33 bp | 7.2 bp −$7 | 9.8 bp −$98 | doesn't fit | 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 | −0.0507% | 4h | 339.90 | +0.031% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0025% | 1h | 339.87 | +0.025% | $556K | $36K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.93 | +0.041% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 340.05 | +0.077% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.10 | +0.091% | $22.2M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 340.18 | +0.115% | $6.7M | $175.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.10 | +0.091% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.76 | −0.009% | $3.0M | $5.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.18 | +0.115% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.93 | +0.040% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perpshort | 0.0000% | 8h | 339.82 | +0.009% | $13K | $349K | 10x | |
| SunX AAPL-USDT | 0.0000% | 8h | 339.99 | +0.059% | $840 | $4.4M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.20 | +0.121% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.00 | +0.062% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0009% | 8h | 339.83 | +0.012% | $346K | $167K | 20x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 339.87 | +0.024% | $3.2M | $4.2M | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0015% | 1h | 339.90 | +0.032% | $28K | $69K | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.92 | +0.038% | $663K | $658K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.95 | +0.046% | $942K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.92 | +0.038% | $953K | $3.2M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.84 | +0.015% | $267K | $59K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.76 | −0.009% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.91 | +0.035% | $40.6M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 339.79 | long leg | $279K | $415K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.89 | +0.029% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.73 | −0.018% | $1.3M | $2.3M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0064% | 1h | 339.83 | +0.012% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.79 | 0.000% | $1.4M | $58K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.73 | −0.018% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.90 | +0.032% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.87 | +0.025% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.70 | +0.268% | $192K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.94 | +0.044% | $5K | $12K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Deribit AAPL_USDC-PERPETUAL
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL