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 −0.002%

Price spread now: Binance against Polymarket Perps+0.080%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.080%, 7d avg +0.078%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, 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	338.64	0.0050	pay 0.0006% / 1h	38m 55s	$253K	$395K	10x
Short	Binance AAPLUSDT	338.91	0	get 0.0000% / 8h	4h 38m	$22.2M	$67.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: −$10.5
Price spread: +0.080% → +0.078%: $0.16
Slippage, 4 orders: −$6.93
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.27
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 18 min ago; Binance: live order book, 3 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, 18 min ago	2.07 bp	6.2 bp −$6	7.8 bp −$78	9.4 bp −$944	doesn't fit
Sell Binance live order book, 3 min ago	0.15 bp	5.3 bp −$5	7.1 bp −$71	24.0 bp −$2,404	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	−0.0329%	4h	338.85	+0.062%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0015%	1h	338.74	+0.031%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.82	+0.054%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.83	+0.055%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	338.91	+0.080%	$22.2M	$67.0M	25x
Bybit AAPLUSDT	0.0000%	8h	338.86	+0.065%	$5.9M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.91	+0.080%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.68	+0.012%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.00	+0.106%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.94	+0.087%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	338.89	+0.074%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.91	+0.080%	$336	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.65	+0.003%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.98	+0.100%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.94	+0.089%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	338.78	+0.041%	$36K	—	20x	as long as short
BloFin AAPL-USDT	+0.0026%	8h	338.92	+0.083%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.87	+0.068%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.78	+0.041%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.83	+0.056%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	+0.024%	$269K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	+0.015%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	338.64	long leg	$253K	$395K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.77	+0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.68	+0.012%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0058%	1h	338.78	+0.041%	$40.5M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	+0.041%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.82	+0.053%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	+0.027%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.80	+0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.80	+0.048%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.64	0.000%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.97	+0.097%	$5K	$11K	20x	as long as short