Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: QFEX against Coinbase International+0.018%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$300.295% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.018%, 7d avg +0.046%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.028% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAPL-PERP-INTX | 339.92 | 0.0024 | pay 0.0003% / 1h | 48m 26s | $663K | $658K | 10x |
| Short | QFEX AAPL-USD | 339.98 | 0.0010 | get 0.0001% / 1h | 48m 26s | $3.2M | $4.2M | 10x |
Coinbase International AAPL-PERP-INTX
QFEX AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Coinbase International. 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
- −$3.02
- Price spread: +0.018% → +0.046%
- −$2.83
- Slippage, 4 orders
- −$9.55
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$35.4
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 50 min ago; QFEX: live order book, 5 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 Coinbase International live order book, 50 min ago | 2.50 bp | 8.2 bp −$8 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.47 bp | 6.5 bp −$6 | 7.1 bp −$71 | 11.3 bp −$1,133 | 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 | −0.0110% | 4h | 340.11 | +0.057% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0023% | 1h | 339.87 | −0.015% | $556K | $36K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0011% | 8h | 340.04 | +0.035% | $344K | $166K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.93 | +0.003% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.92 | −0.001% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 340.01 | +0.027% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.08 | +0.048% | $22.2M | $67.3M | 25x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.05 | +0.038% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.88 | −0.012% | $3.0M | $5.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.11 | +0.056% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 340.04 | +0.034% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 340.12 | +0.060% | $13K | $349K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.16 | +0.071% | $571 | $4.4M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.08 | +0.047% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.07 | +0.044% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USDshort | +0.0010% | 1h | 339.98 | +0.018% | $3.2M | $4.2M | 10x | |
| Coinbase International AAPL-PERP-INTXlong | +0.0024% | 1h | 339.92 | long leg | $663K | $658K | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.97 | +0.014% | $932K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.94 | +0.006% | $956K | $3.2M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.96 | +0.012% | $267K | $59K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0044% | 1h | 339.99 | +0.021% | $28K | $69K | 10x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.79 | −0.038% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.78 | −0.041% | $279K | $375K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 340.00 | +0.024% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.87 | −0.015% | $1.3M | $2.3M | 20x | as long as short |
| Bybit AAPLUSDT | +0.0075% | 8h | 340.20 | +0.082% | $6.3M | $179.8M | 100x | as long as short |
| tradeXYZ xyz:AAPL | +0.0098% | 1h | 339.99 | +0.021% | $40.3M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.90 | −0.006% | $1.4M | $64K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.94 | +0.006% | $950K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.96 | +0.012% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.94 | +0.007% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 340.13 | +0.062% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.55 | +0.185% | $192K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Deribit AAPL_USDC-PERPETUAL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Bybit AAPLUSDT
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP