Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.024%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.024%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AAPL-USD | 338.80 | 0.0050 | pay 0.0006% / 1h | 44m 56s | $278K | $405K | 10x |
| Short | Bybit AAPLUSDT | 338.88 | 0 | get 0.0000% / 8h | 3h 44m | $5.9M | $61.3M | 100x |
Polymarket Perps AAPL-USD
Bybit AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.024% → +0.073%
- −$4.94
- Slippage, 4 orders
- −$2.6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.04
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 7 min ago; Bybit: 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 Polymarket Perps live order book, 7 min ago | 0.15 bp | 5.3 bp −$5 | 5.3 bp −$53 | 8.0 bp −$800 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.15 bp | 5.9 bp −$6 | 8.8 bp −$88 | 37.3 bp −$3,728 | 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 | −0.0172% | 4h | 338.95 | +0.045% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0107% | 1h | 338.77 | −0.007% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.86 | +0.016% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.83 | +0.007% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.92 | +0.035% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 338.88 | +0.024% | $5.9M | $61.3M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.02 | +0.065% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | −0.035% | $3.0M | $4.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.96 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.01 | +0.063% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.85 | +0.015% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.92 | +0.035% | $732 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.74 | −0.018% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.06 | +0.077% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | +0.044% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0024% | 8h | 338.96 | +0.047% | $340K | $168K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 338.84 | +0.012% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 338.94 | +0.041% | $3.2M | $4.5M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.79 | −0.004% | $783K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.81 | +0.003% | $948K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.83 | +0.009% | $266K | $65K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.75 | −0.015% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.80 | 0.000% | $40.5M | $76.0M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 338.80 | long leg | $278K | $405K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.79 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.72 | −0.024% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 338.78 | −0.006% | $661K | $657K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.62 | −0.053% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.84 | +0.012% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.84 | +0.012% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.81 | +0.003% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.77 | −0.009% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 338.97 | +0.050% | $5K | $11K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Hotstuff AAPL-PERP
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL