Funding you earn now, next payment 06:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.051%
Price spread now: Injective against Polymarket Perps+0.133%51s7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as 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−$290.292% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.133%, 7d avg +0.153%
=Funding pays, the price is against you. Injective is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.133% now, against its 7-day average of +0.153%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day). The two prices were read 51 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 | 339.09 | 0.0050 | pay 0.0006% / 1h | 50m 03s | $277K | $408K | 10x |
| Short | Injective AAPL/USDC PERP | 339.54 | 0.0220 | get 0.0028% / 1h | 50m 03s | $191K | $44K | 30x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $35.7
- Price spread: +0.133% → +0.153%
- −$2.07
- Slippage, 4 orders
- −$21.23
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $4.39
- Costs to cover
- 0.292%
- Break-even
- 6.1 days
Slippage from Polymarket Perps: live order book, 62 min ago; Injective: live order book, 64 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, 62 min ago | 0.15 bp | 5.3 bp −$5 | 5.3 bp −$53 | 8.0 bp −$800 | doesn't fit |
| Sell Injective live order book, 64 min ago | 9.89 bp | 9.9 bp −$10 | 9.9 bp −$99 | 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 | −0.0569% | 4h | 339.18 | +0.028% | $81K | $327K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0056% | 1h | 339.02 | −0.021% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | −0.0042% | 1h | 339.01 | −0.024% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.05 | −0.012% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.13 | +0.011% | $278K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.19 | +0.029% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.16 | +0.021% | $7.0M | $81.7M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.18 | +0.027% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.97 | −0.035% | $3.0M | $4.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.30 | +0.062% | $6.2M | $3.5M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.25 | +0.046% | $2.4M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.18 | +0.026% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.20 | +0.032% | $675 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.31 | +0.065% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.26 | +0.050% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0012% | 8h | 339.22 | +0.038% | $342K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0020% | 1h | 339.14 | +0.015% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.01 | −0.022% | $832K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.04 | −0.015% | $938K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.05 | −0.012% | $266K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | −0.041% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 339.08 | −0.003% | $662K | $657K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.02 | −0.021% | $40.5M | $76.3M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 339.09 | long leg | $277K | $408K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.05 | −0.012% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.00 | −0.027% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.05 | −0.012% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.98 | −0.032% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.05 | −0.012% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.08 | −0.002% | $11K | — | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0104% | 1h | 339.11 | +0.006% | $28K | $68K | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.20 | +0.032% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERPshort | +0.0220% | 1h | 339.54 | +0.133% | $191K | $44K | 30x |
Polymarket Perps AAPL-USD
Injective AAPL/USDC PERP
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
Phoenix AAPL