Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.054%
Price spread now: KuCoin against Polymarket Perps−0.003%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.003%, 7d avg +0.017%
=Funding pays, the price is against you. KuCoin is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.017%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AAPL-USD | 338.83 | 0.0050 | pay 0.0006% / 1h | 59m 00s | $264K | $392K | 10x |
| Short | KuCoin AAPLUSDTM | 338.82 | 0.0100 | get 0.0100% / 8h | 1h 59m | $1.4M | $28K | 20x |
Polymarket Perps AAPL-USD
KuCoin AAPLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.003% → +0.017%
- −$2.01
- Slippage, 4 orders
- −$108.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$119.87
- Costs to cover
- 1.284%
- Break-even
- 86.9 days
Slippage from Polymarket Perps: live order book, 23 min ago; KuCoin: live order book, 6 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, 23 min ago | 1.18 bp | 7.2 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 6.93 bp | 61.7 bp −$62 | doesn't fit | 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 | −0.0632% | 4h | 339.09 | +0.078% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.12 | +0.085% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.11 | +0.083% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.15 | +0.094% | $22.3M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.100% | $6.1M | $25.7M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.05 | +0.065% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.88 | +0.015% | $3.0M | $4.1M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.16 | +0.097% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.13 | +0.089% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.06 | +0.067% | $14K | $510K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.094% | $943 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.91 | +0.024% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.27 | +0.130% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.100% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0003% | 8h | 339.07 | +0.071% | $354K | $165K | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.97 | +0.042% | $768K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.01 | +0.053% | $971K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.74 | −0.027% | — | $53K | 25x | as long as short |
| QFEX AAPL-USD | +0.0049% | 1h | 339.07 | +0.071% | $3.2M | $5.0M | 10x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 338.83 | long leg | $264K | $392K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.06 | +0.068% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.76 | −0.021% | $1.5M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 338.82 | −0.003% | $1.4M | $28K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.72 | −0.032% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.98 | +0.044% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.04 | +0.063% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 339.04 | +0.062% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0150% | 1h | 338.79 | −0.012% | $556K | $35K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | +0.059% | $660K | $675K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.46 | +0.186% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.02 | +0.056% | $2K | $11K | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0309% | 1h | 339.05 | +0.065% | $41.0M | $77.1M | 20x | as long as short |
| Arcus AAPL-USD | +0.0364% | 1h | 339.03 | +0.059% | $270K | $70K | 20x | as long as short |
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
QFEX AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Nado AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
tradeXYZ xyz:AAPL
Arcus AAPL-USD