Funding you earn now, next payment 01:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.059%
Price spread now: QFEX against Injective+0.030%7-day average −0.085% · 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−$22as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 3 days (all we have)−0.204%−$20 on $10k
+Price spread, last 3 days (all we have)+0.065%+$6 · spread now +0.030%, 7d avg −0.085%
=The price spread pays, funding is against you. QFEX is 0.114% dearer against Injective than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.085%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AAPL/USDC PERP | 338.52 | 0.0220 | pay 0.0028% / 1h | 6m 26s | $191K | $44K | 30x |
| Short | QFEX AAPL-USD | 338.62 | 0.0059 | get 0.0007% / 1h | 6m 26s | $3.3M | $5.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- −$33.84
- Price spread: +0.030% → −0.085%
- $11.44
- Slippage, 4 orders
- −$23.11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$55.53
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Injective: live order book, 2 min ago; QFEX: live order book, 7 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 Injective live order book, 2 min ago | 8.71 bp | 8.7 bp −$9 | 8.7 bp −$87 | 57590.4 bp −$5.76M | 327951.6 bp −$163.98M |
| Sell QFEX live order book, 7 min ago | 1.62 bp | 6.6 bp −$7 | 8.5 bp −$85 | 13.6 bp −$1,362 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0429% | 1h | 338.35 | −0.050% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0234% | 4h | 338.58 | +0.017% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0032% | 1h | 338.61 | +0.026% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.69 | +0.049% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.71 | +0.056% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.71 | +0.056% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.46 | −0.018% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.75 | +0.068% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.66 | +0.040% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.64 | +0.035% | $711 | $4.7M | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.72 | +0.059% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.60 | +0.024% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.55 | +0.010% | $749K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.61 | +0.027% | $955K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.52 | 0.000% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.63 | +0.032% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.39 | −0.038% | $261K | $397K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.62 | +0.030% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.38 | −0.041% | $1.4M | $2.4M | 20x | as long as short |
| BloFin AAPL-USDT | +0.0052% | 8h | 338.81 | +0.086% | $345K | $169K | 20x | as long as short |
| QFEX AAPL-USDshort | +0.0059% | 1h | 338.62 | +0.030% | $3.3M | $5.0M | 10x | |
| Variational Omni AAPL | +0.0060% | 8h | 338.62 | +0.028% | $2.4M | $1.4M | — | as long as short |
| Binance AAPLUSDT | +0.0079% | 8h | 338.67 | +0.046% | $22.2M | $66.7M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0080% | 1h | 338.59 | +0.022% | $284K | $2.0M | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.63 | +0.032% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.53 | +0.003% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.52 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.58 | +0.019% | $10K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.63 | +0.032% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | −0.003% | $655K | $668K | 10x | as long as short |
| Injective AAPL/USDC PERPlong | +0.0220% | 1h | 338.52 | long leg | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0330% | 1h | 338.76 | +0.071% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.58 | +0.018% | $269K | $70K | 20x | as long as short |
Injective AAPL/USDC PERP
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Variational Omni AAPL
Binance AAPLUSDT
Extended AAPL_24_5-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
Phoenix AAPL