Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.039%

Price spread now: Polymarket Perps against KuCoin+0.047%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2432.432% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.047%, 7d avg −0.016%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	339.58	0.0100	pay 0.0100% / 8h	33m 29s	$1.4M	$39K	20x
Short	Polymarket Perps AAPL-USD	339.74	0.0050	get 0.0006% / 1h	33m 29s	$279K	$424K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$10.5
Price spread: +0.047% → −0.016%: $6.35
Slippage, 4 orders: −$223.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$247.31
Costs to cover: 2.432%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 4 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 KuCoin live order book, 2 min ago	6.62 bp	136.4 bp −$136	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	0.74 bp	4.7 bp −$5	6.4 bp −$64	8.4 bp −$843	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	−0.0920%	4h	339.68	+0.030%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0157%	1h	339.80	+0.066%	$556K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0072%	1h	339.83	+0.074%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	+0.052%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.82	+0.070%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.91	+0.097%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.90	+0.094%	$7.4M	$138.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.89	+0.091%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.69	+0.032%	$3.0M	$5.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.89	+0.091%	$6.2M	$3.6M	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	339.74	+0.046%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	+0.080%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.91	+0.097%	$690	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.68	+0.029%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.82	+0.071%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.89	+0.091%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0025%	8h	339.79	+0.062%	$342K	$167K	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.81	+0.068%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.78	+0.059%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	+0.053%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.69	+0.032%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	+0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.83	+0.074%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	339.74	+0.047%	$279K	$424K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.82	+0.071%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.69	+0.032%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.009%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTMlong	+0.0100%	8h	339.58	long leg	$1.4M	$39K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.77	+0.056%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.77	+0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.73	+0.045%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	+0.009%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.87	+0.085%	$5K	$12K	20x	as long as short