Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
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 − costsprices read too far apart to compare
costs, in and out, $10k−$290.292% of the position
What this pair did over the last
the charts below follow
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%
Together, before fees+0.155%+$15 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps AAPL-USD339.090.0050pay 0.0006% / 1h50m 03s$277K$408K10x
ShortInjective AAPL/USDC PERP339.540.0220get 0.0028% / 1h50m 03s$191K$44K30x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 62 min ago0.15 bp5.3 bp −$55.3 bp −$538.0 bp −$800doesn't fit
Sell Injective live order book, 64 min ago9.89 bp9.9 bp −$109.9 bp −$99doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0569%4h339.18+0.028%$81K$327K20xas long as short
Hotstuff AAPL-PERP−0.0056%1h339.02−0.021%$36K20xas long as short
Nado AAPL-PERP−0.0042%1h339.01−0.024%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.05−0.012%$121K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.13+0.011%$278K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.19+0.029%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.16+0.021%$7.0M$81.7M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.18+0.027%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h338.97−0.035%$3.0M$4.6M100xas long as short
Bitget AAPLUSDT0.0000%8h339.30+0.062%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.25+0.046%$2.4M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.18+0.026%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.20+0.032%$675$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.31+0.065%$52K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.26+0.050%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0012%8h339.22+0.038%$342K$168K20xas long as short
QFEX AAPL-USD+0.0020%1h339.14+0.015%$3.2M$4.4M10xas long as short
Lighter AAPL+0.0032%1h339.01−0.022%$832K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.04−0.015%$938K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.05−0.012%$266K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.95−0.041%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h339.08−0.003%$662K$657K10xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.02−0.021%$40.5M$76.3M20xas long as short
Polymarket Perps AAPL-USDlong+0.0050%1h339.09long leg$277K$408K10x
SoDEX AAPL-USD+0.0050%1h339.05−0.012%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.00−0.027%$1.3M$2.5M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.05−0.012%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.98−0.032%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.05−0.012%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.08−0.002%$11K10xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0104%1h339.11+0.006%$28K$68K10xas long as short
Phoenix AAPL+0.0212%1h339.20+0.032%$5K$11K20xas long as short
Injective AAPL/USDC PERPshort+0.0220%1h339.54+0.133%$191K$44K30x