Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX−0.077%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.077%, 7d avg −0.082%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	338.86	0	get 0.0000% / 8h	5h 28m	$759	$4.6M	20x
Short	Polymarket Perps AAPL-USD	338.60	0.0050	get 0.0006% / 1h	28m 58s	$261K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.077%Rate

Funding earned: $10.5
Price spread: −0.077% → −0.082%: $0.55
Slippage, 4 orders: −$95.58
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$100.53
Costs to cover: 1.116%
Break-even: 74.0 days

Slippage from SunX: live order book, 9 min ago; Polymarket Perps: live order book, 33 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 SunX live order book, 9 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 33 min ago	1.48 bp	7.2 bp −$7	7.5 bp −$75	9.4 bp −$945	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	−0.0112%	4h	338.86	−0.001%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0056%	1h	338.67	−0.055%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.76	−0.030%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.80	−0.017%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.71	−0.043%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.81	−0.015%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.83	−0.009%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.99	+0.038%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.61	−0.074%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.93	+0.021%	$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	338.99	+0.037%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.90	+0.011%	$17K	$424K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	338.86	long leg	$759	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.62	−0.071%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.00	+0.041%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.038%	$2.1M	$6K	10x	as long as short
BloFin AAPL-USDT	+0.0004%	8h	338.85	−0.003%	$343K	$169K	20x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.83	−0.009%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.66	−0.060%	$771K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.72	−0.041%	$950K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.81	−0.015%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.63	−0.068%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.024%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USDshort	+0.0050%	1h	338.60	−0.077%	$261K	$370K	10x
SoDEX AAPL-USD	+0.0050%	1h	338.77	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.062%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0068%	1h	338.74	−0.035%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.71	−0.044%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.041%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.73	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.74	−0.036%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.72	−0.041%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.96	+0.030%	$5K	$11K	20x	as long as short