Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against OKX−0.047%47s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.221% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.047%, 7d avg −0.049%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	339.84	0	get 0.0000% / 8h	2h 24m	$6.3M	$6.9M	25x
Short	Polymarket Perps AAPL-USD	339.68	0.0050	get 0.0006% / 1h	24m 47s	$278K	$409K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: $10.5
Price spread: −0.047% → −0.049%: $0.15
Slippage, 4 orders: −$4.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.46
Costs to cover: 0.221%
Break-even: 14.6 days

Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 23 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 OKX live order book, 3 min ago	0.15 bp	6.2 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 23 min ago	0.15 bp	4.1 bp −$4	6.2 bp −$62	8.5 bp −$847	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	−0.0812%	4h	339.76	−0.023%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0162%	1h	339.67	−0.050%	$28K	$68K	10x	as long as short
Nado AAPL-PERP	−0.0111%	1h	339.87	+0.007%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0018%	8h	339.84	0.000%	$340K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.81	−0.008%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.72	−0.036%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.88	+0.012%	$22.0M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.89	+0.015%	$5.9M	$89.5M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.84	long leg	$6.3M	$6.9M	25x
Gate AAPL_USDT	0.0000%	8h	339.61	−0.068%	$3.0M	$4.8M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.93	+0.026%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.83	−0.001%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	−0.062%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.83	−0.003%	$435	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.93	+0.026%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.80	−0.012%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.75	−0.026%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	−0.019%	$855K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.77	−0.021%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	−0.074%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.74	−0.029%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.56	−0.082%	$663K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.77	−0.021%	$40.5M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	339.68	−0.047%	$278K	$409K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.77	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.62	−0.065%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	339.70	−0.041%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.44	−0.118%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.78	−0.018%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.70	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.76	−0.024%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.89	+0.015%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.68	−0.047%	$191K	$44K	30x	as long as short