Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.001%

Price spread now: KuCoin against Polymarket Perps−0.009%7-day average +0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.009%, 7d avg +0.016%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.025% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.016%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	339.73	0.0050	pay 0.0006% / 1h	54m 16s	$279K	$350K	10x
Short	KuCoin AAPLUSDTM	339.70	0.0100	get 0.0100% / 8h	6h 54m	$1.4M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $10.5
Price spread: −0.009% → +0.016%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.03
Costs to cover: 0.200%
Break-even: 15.0 days

Slippage unknown: Polymarket Perps: live order book, 39 min ago; KuCoin: live order book, 11 min ago. Net counts fees only.

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, 39 min ago	666.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	7.06 bp	31.8 bp −$32	doesn't fit	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	−0.0111%	4h	339.90	+0.050%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0048%	1h	339.75	+0.007%	$556K	$35K	20x	as long as short
BloFin AAPL-USDT	−0.0015%	8h	339.84	+0.032%	$346K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.87	+0.040%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.74	+0.003%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.031%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.92	+0.056%	$6.4M	$232.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	+0.024%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.62	−0.032%	$3.0M	$6.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.81	+0.024%	$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	339.85	+0.034%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.99	+0.076%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.83	+0.029%	$714	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.69	−0.012%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.94	+0.062%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.90	+0.050%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	339.75	+0.006%	$3.3M	$4.3M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.78	+0.014%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.79	+0.018%	$986K	$3.1M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.63	−0.029%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.76	+0.009%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.78	+0.015%	$40.4M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USDlong	+0.0050%	1h	339.73	long leg	$279K	$350K	10x
SoDEX AAPL-USD	+0.0050%	1h	339.76	+0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.60	−0.038%	$1.3M	$2.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0056%	1h	339.97	+0.071%	$661K	$653K	10x	as long as short
Arcus AAPL-USD	+0.0082%	1h	339.72	−0.003%	$267K	$60K	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.70	−0.009%	$1.4M	$106K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	+0.032%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.77	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.77	+0.013%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.97	+0.071%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.182%	$192K	$44K	30x	as long as short