Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Phemex against Polymarket Perps+0.083%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$960.960% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.083%, 7d avg +0.101%
=The price spread sits at its 7-day average of +0.101%, 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 | 338.74 | 0.0050 | pay 0.0006% / 1h | 11m 08s | $271K | $384K | 10x |
| Short | Phemex AAPLUSDT | 339.02 | 0 | get 0.0000% / 4h | 2h 11m | $2.1M | $7K | 10x |
Polymarket Perps AAPL-USD
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.083% → +0.101%
- −$1.85
- Slippage, 4 orders
- −$75.98
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$108.32
- Costs to cover
- 0.960%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 11 min ago; Phemex: live order book, 2 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, 11 min ago | 1.18 bp | 7.2 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.18 bp | 40.4 bp −$40 | 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 | −0.0472% | 4h | 338.96 | +0.064% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.06 | +0.096% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.04 | +0.087% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.09 | +0.105% | $22.3M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.10 | +0.106% | $6.2M | $24.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.96 | +0.065% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.83 | +0.027% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.05 | +0.092% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.01 | +0.081% | $2.5M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.99 | +0.074% | $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 | 339.06 | +0.094% | $851 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.81 | +0.021% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.121% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 339.02 | +0.083% | $2.1M | $7K | 10x | |
| BloFin AAPL-USDT | +0.0008% | 8h | 339.10 | +0.106% | $354K | $165K | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.90 | +0.048% | $761K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.95 | +0.062% | $973K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.68 | −0.018% | — | $43K | 25x | as long as short |
| QFEX AAPL-USD | +0.0049% | 1h | 338.90 | +0.047% | $3.2M | $5.0M | 10x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 338.74 | long leg | $271K | $384K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.00 | +0.077% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.72 | −0.006% | $1.4M | $2.3M | 20x | as long as short |
| Nado AAPL-PERP | +0.0081% | 1h | 338.75 | +0.002% | $556K | $35K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.78 | +0.012% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.68 | −0.018% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.87 | +0.038% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.95 | +0.062% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0120% | 1h | 338.96 | +0.065% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0144% | 1h | 339.00 | +0.077% | $661K | $675K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0215% | 1h | 339.00 | +0.077% | $41.0M | $77.1M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.83 | +0.322% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.07 | +0.097% | $2K | $12K | 20x | as long as short |
| Arcus AAPL-USD | +0.0310% | 1h | 338.98 | +0.071% | $270K | $69K | 20x | as long as short |
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
QFEX AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD