Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: Bybit against Polymarket Perps+0.059%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−$23as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.059%, 7d avg +0.073%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, 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	338.82	0.0050	pay 0.0006% / 1h	18m 22s	$265K	$394K	10x
Short	Bybit AAPLUSDT	339.02	0	get 0.0000% / 8h	18m 22s	$6.0M	$39.2M	100x

Funding 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 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.5
Price spread: +0.059% → +0.073%: −$1.42
Slippage, 4 orders: −$2.9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.82
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 59 min ago; Bybit: live order book, 5 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, 59 min ago	0.74 bp	4.7 bp −$5	7.7 bp −$77	9.0 bp −$899	doesn't fit
Sell Bybit live order book, 5 min ago	0.15 bp	6.1 bp −$6	8.6 bp −$86	35.5 bp −$3,545	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	−0.0889%	4h	339.01	+0.055%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.050%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.02	+0.059%	$6.0M	$39.2M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.056%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	+0.003%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.04	+0.065%	$603	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.16	+0.100%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.08	+0.077%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0022%	8h	339.08	+0.077%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.90	+0.024%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.62	−0.059%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	338.82	long leg	$265K	$394K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.90	+0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.77	−0.015%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	338.97	+0.044%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.86	+0.010%	$771K	$2.4M	20x	as long as short
Bitget AAPLUSDT	+0.0072%	8h	339.02	+0.059%	$6.2M	$3.5M	100x	as long as short
BloFin AAPL-USDT	+0.0085%	8h	339.05	+0.068%	$348K	$170K	20x	as long as short
Variational Omni AAPL	+0.0087%	8h	339.06	+0.069%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.85	+0.009%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.76	−0.018%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.74	−0.024%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.90	+0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	+0.051%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.94	+0.034%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0112%	8h	339.01	+0.055%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0120%	1h	338.69	−0.039%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0187%	1h	338.88	+0.018%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.062%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.50	+0.201%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0311%	1h	338.88	+0.018%	$28K	$66K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.10	+0.083%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.85	+0.009%	$269K	$70K	20x	as long as short