Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps+0.168%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.168%, 7d avg +0.104%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.104%): +$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 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	338.44	0.0050	pay 0.0006% / 1h	56m 17s	$261K	$397K	10x
Short	HTX AAPL-USDT	339.01	0	get 0.0000% / 8h	6h 56m	$53K	$225K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$10.5
Price spread: +0.168% → +0.104%: $6.41
Slippage, 4 orders: −$15.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.33
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 11 min ago; HTX: live order book, 10 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, 11 min ago	1.63 bp	6.0 bp −$6	7.5 bp −$75	8.5 bp −$854	doesn't fit
Sell HTX live order book, 10 min ago	2.80 bp	13.1 bp −$13	15.6 bp −$156	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	−0.0817%	4h	338.62	+0.054%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0142%	1h	338.62	+0.054%	$554K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0045%	1h	338.49	+0.015%	$28K	$67K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.74	+0.087%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.72	+0.083%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.75	+0.092%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.49	+0.015%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.78	+0.100%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.69	+0.073%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.71	+0.080%	$721	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDTshort	0.0000%	8h	339.01	+0.168%	$53K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.086%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0008%	1h	338.64	+0.059%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0028%	1h	338.69	+0.074%	$3.2M	$5.0M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.56	+0.037%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.61	+0.050%	$953K	$3.5M	20x	as long as short
Variational Omni AAPL	+0.0038%	8h	338.68	+0.069%	$2.4M	$1.4M	—	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.62	+0.053%	$269K	$70K	20x	as long as short
BloFin AAPL-USDT	+0.0043%	8h	338.81	+0.109%	$344K	$169K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.51	+0.021%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.62	+0.053%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	338.44	long leg	$261K	$397K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.64	+0.059%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.38	−0.018%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0069%	8h	338.68	+0.071%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.59	+0.044%	$284K	$2.0M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.58	+0.041%	$1.4M	$26K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.53	+0.027%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.58	+0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.59	+0.043%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	+0.021%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.48	+0.012%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.78	+0.100%	$5K	$11K	20x	as long as short