Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Orderly against Polymarket Perps+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.038% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	338.63	0.0050	pay 0.0006% / 1h	43m 43s	$253K	$395K	10x
Short	Orderly PERP_AAPL_USDC_mythos	338.76	0.0100	get 0.0100% / 8h	4h 43m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 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 Polymarket PerpsbpFee OrderlybpOrdersPrice spread, now +0.038%Rate

Funding earned: $10.5
Price spread: +0.038% → 0.000%: $3.84
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.34
Costs to cover: 0.140%
Break-even: 6.8 days

Slippage unknown: Polymarket Perps: live order book, 14 min ago; Orderly: no order-book sample. Net counts fees only.

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, 14 min ago	2.07 bp	6.2 bp −$6	7.8 bp −$78	9.4 bp −$944	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0542%	4h	338.74	+0.032%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0029%	8h	338.87	+0.071%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0008%	1h	338.74	+0.032%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	+0.064%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.82	+0.057%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.91	+0.083%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.87	+0.071%	$5.9M	$39.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.92	+0.086%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.66	+0.009%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	+0.106%	$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	338.86	+0.066%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.77	+0.041%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.91	+0.083%	$651	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.65	+0.006%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.02	+0.115%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.90	+0.080%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.82	+0.056%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.77	+0.041%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.81	+0.053%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	+0.027%	$269K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.64	+0.003%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.78	+0.044%	$36K	—	20x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	338.63	long leg	$253K	$395K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.80	+0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.61	−0.006%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.78	+0.044%	$40.5M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	+0.044%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.78	+0.044%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.52	−0.032%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	338.76	+0.038%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	338.78	+0.045%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.032%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.93	+0.089%	$5K	$11K	20x	as long as short