Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Polymarket Perps+0.006%7-day average +0.079% · you sell dearer than you buy

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

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.006%, 7d avg +0.079%

Together, before fees−0.186%−$19 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 SunX is 0.074% 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 +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	339.84	0.0050	pay 0.0006% / 1h	1m 44s	$279K	$350K	10x
Short	SunX AAPL-USDT	339.86	0	get 0.0000% / 8h	7h 01m	$585	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$10.5
Price spread: +0.006% → +0.079%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.85
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 32 min ago; SunX: live order book, 7 min ago. 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, 32 min ago	666.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	44.85 bp	49.4 bp −$49	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	−0.0477%	4h	339.98	+0.042%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.86	+0.006%	$556K	$35K	20x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	339.93	+0.026%	$346K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	+0.017%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.90	+0.018%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.00	+0.047%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.01	+0.050%	$6.5M	$224.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.96	+0.035%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.77	−0.021%	$3.0M	$6.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.94	+0.029%	$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	340.04	+0.057%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	340.04	+0.059%	$22K	$345K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.86	+0.006%	$585	$4.3M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.83	−0.003%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.12	+0.082%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.96	+0.035%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.87	+0.009%	$3.3M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.082%	$660K	$652K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	+0.030%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.92	+0.024%	$986K	$3.3M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.85	+0.003%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.026%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.88	+0.012%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	339.84	long leg	$279K	$350K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.88	+0.012%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.75	−0.026%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.79	−0.015%	$1.4M	$98K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.85	+0.003%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.84	0.000%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.008%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0168%	1h	339.86	+0.006%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	340.09	+0.074%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.150%	$192K	$44K	30x	as long as short