Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps−0.027%48s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$370.370% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.027%, 7d avg +0.025%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.052% 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 +0.025%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	339.62	0.0050	pay 0.0006% / 1h	1m 31s	$279K	$424K	10x
Short	Gate AAPL_USDT	339.53	0	get 0.0000% / 8h	1h 01m	$3.0M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$10.5
Price spread: −0.027% → +0.025%: −$5.17
Slippage, 4 orders: −$14.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.69
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 41 min ago; Gate: live order book, 2 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, 41 min ago	0.88 bp	4.9 bp −$5	5.4 bp −$54	7.2 bp −$725	doesn't fit
Sell Gate live order book, 2 min ago	1.91 bp	14.2 bp −$14	28.1 bp −$281	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	−0.0636%	4h	339.69	+0.022%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0050%	1h	339.58	−0.013%	$555K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.67	+0.015%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	339.72	+0.029%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.61	−0.004%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.65	+0.010%	$291K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.75	+0.038%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.80	+0.053%	$5.9M	$128.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.76	+0.041%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	339.53	−0.027%	$3.0M	$5.3M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.72	+0.029%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.75	+0.037%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.71	+0.028%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	+0.035%	$520	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.55	−0.021%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.81	+0.056%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.035%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	+0.015%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.021%	$660K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.66	+0.013%	$946K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.66	+0.012%	$946K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	+0.009%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.038%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	339.62	long leg	$279K	$424K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.68	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.49	−0.038%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0083%	1h	339.66	+0.012%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.47	−0.044%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.032%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.60	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.65	+0.008%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.86	+0.071%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.50	−0.035%	$191K	$44K	30x	as long as short