Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.1014%/8h= +111.0% APRpaid last 24h +0.159%

Price spread now: Polymarket Perps against edgeX−0.054%64s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs+$7as 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−$320.323% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.393%+$39 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.054%, 7d avg −0.072%

Together, before fees+0.357%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$30 a day on $10k at the current rate. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.03	−0.0964	get 0.0482% / 4h	3h 31m	$81K	$326K	20x
Short	Polymarket Perps AAPL-USD	338.85	0.0050	get 0.0006% / 1h	31m 57s	$261K	$366K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: $212.9
Price spread: −0.054% → −0.072%: $1.84
Slippage, 4 orders: −$15.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $182.48
Costs to cover: 0.323%
Break-even: 1.0 days

Slippage from edgeX: live order book, 16 min ago; Polymarket Perps: live order book, 15 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 edgeX live order book, 16 min ago	5.31 bp	10.4 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 15 min ago	1.62 bp	5.7 bp −$6	6.6 bp −$66	10.0 bp −$1,001	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 AAPLUSDClong	−0.0964%	4h	339.03	long leg	$81K	$326K	20x
BloFin AAPL-USDT	−0.0013%	8h	339.07	+0.011%	$358K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	−0.009%	$125K	$287K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.04	+0.001%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.08	+0.014%	$22.2M	$66.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	+0.017%	$6.3M	$24.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	−0.015%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.036%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.011%	$6.3M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.10	+0.019%	$2.1M	$1.0M	—	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	338.98	−0.015%	$20K	$521K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.07	+0.011%	$434	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.035%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.07	+0.011%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	+0.001%	$690K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	−0.007%	$947K	$3.9M	20x	as long as short
QFEX AAPL-USD	+0.0033%	1h	339.03	−0.001%	$3.2M	$4.8M	10x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	339.00	−0.009%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0044%	1h	338.85	−0.055%	$556K	$34K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.092%	—	$9K	25x	as long as short
KuCoin AAPLUSDTM	+0.0050%	8h	338.87	−0.048%	$1.4M	$28K	20x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	338.85	−0.054%	$261K	$366K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.004%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.86	−0.051%	$1.3M	$2.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.05	+0.005%	$660K	$664K	10x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.074%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.97	−0.018%	$11K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0140%	1h	339.05	+0.005%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.18	+0.044%	$2K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.83	−0.060%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.06	+0.008%	$28K	$64K	10x	as long as short
Arcus AAPL-USD	+0.0256%	1h	338.99	−0.012%	$270K	$69K	20x	as long as short