Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: tradeXYZ against Polymarket Perps0.000%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg −0.005%

Together, before fees−0.174%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAPL-USD	338.95	0.0050	pay 0.0006% / 1h	38m 17s	$278K	$405K	10x
Short	tradeXYZ xyz:AAPL	338.95	0.0050	get 0.0006% / 1h	38m 17s	$40.5M	$76.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.005%: $0.48
Slippage, 4 orders: −$2.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.35
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 14 min ago; tradeXYZ: live order book, 11 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, 14 min ago	0.15 bp	5.3 bp −$5	5.3 bp −$53	8.0 bp −$800	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.15 bp	9.4 bp −$9	11.1 bp −$111	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	−0.0447%	4h	338.87	−0.025%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0106%	1h	338.97	+0.007%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.97	+0.006%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.94	−0.003%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.06	+0.032%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.00	+0.015%	$5.9M	$63.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	+0.024%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.77	−0.053%	$3.0M	$4.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.00	+0.015%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.93	−0.007%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	338.90	−0.014%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.03	+0.024%	$664	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.87	−0.024%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.12	+0.050%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.95	0.000%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0001%	8h	338.88	−0.021%	$340K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.96	+0.003%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.93	−0.007%	$783K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.93	−0.006%	$945K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.82	−0.038%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.83	−0.035%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLshort	+0.0050%	1h	338.95	0.000%	$40.5M	$76.0M	20x
Polymarket Perps AAPL-USDlong	+0.0050%	1h	338.95	long leg	$278K	$405K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.88	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.086%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	338.90	−0.015%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.050%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.72	−0.068%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.047%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.92	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.92	−0.009%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.69	−0.077%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.97	+0.006%	$5K	$11K	20x	as long as short