Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: QFEX against Polymarket Perps+0.003%7-day average +0.066% · 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−$28as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.003%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.063% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AAPL-USD | 339.66 | 0.0050 | pay 0.0006% / 1h | 12m 40s | $278K | $408K | 10x |
| Short | QFEX AAPL-USD | 339.67 | 0.0020 | get 0.0002% / 1h | 12m 40s | $3.3M | $4.4M | 10x |
Polymarket Perps AAPL-USD
QFEX AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.33
- Price spread: +0.003% → +0.066%
- −$6.31
- Slippage, 4 orders
- −$3.81
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$34.46
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 35 min ago; QFEX: live order book, 6 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, 35 min ago | 0.15 bp | 5.3 bp −$5 | 5.3 bp −$53 | 7.5 bp −$755 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.18 bp | 6.2 bp −$6 | 6.6 bp −$66 | 11.8 bp −$1,184 | 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 | −0.0493% | 4h | 339.75 | +0.027% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0118% | 1h | 339.75 | +0.027% | $556K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0112% | 1h | 339.64 | −0.006% | $36K | — | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0103% | 1h | 339.61 | −0.015% | $28K | $68K | 10x | as long as short |
| BloFin AAPL-USDT | −0.0027% | 8h | 339.71 | +0.015% | $339K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.71 | +0.016% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.64 | −0.006% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.73 | +0.019% | $22.1M | $67.6M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.78 | +0.035% | $5.8M | $92.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.80 | +0.041% | $6.3M | $6.9M | 25x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AAPL_USDT | 0.0000% | 8h | 339.52 | −0.041% | $3.0M | $4.8M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.82 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.75 | +0.028% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.81 | +0.044% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.70 | +0.012% | $717 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.79 | +0.038% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.81 | +0.044% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USDshort | +0.0020% | 1h | 339.67 | +0.003% | $3.3M | $4.4M | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.71 | +0.014% | $906K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.71 | +0.015% | $946K | $3.7M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.59 | −0.021% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.57 | −0.026% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 339.55 | −0.032% | $660K | $662K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.67 | +0.003% | $40.6M | $76.6M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 339.66 | long leg | $278K | $408K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.65 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.53 | −0.038% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0097% | 8h | 339.53 | −0.038% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.67 | +0.003% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.69 | +0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.68 | +0.006% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.85 | +0.056% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.51 | −0.044% | $191K | $44K | 30x | as long as short |
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP