Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.005%
Price spread now: Phemex against QFEX+0.029%7-day average +0.032% · 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−$98as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.029%, 7d avg +0.032%
=The price spread sits at its 7-day average of +0.032%, 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 | QFEX AAPL-USD | 339.01 | 0.0059 | pay 0.0007% / 1h | 16m 56s | $3.2M | $5.1M | 10x |
| Short | Phemex AAPLUSDT | 339.11 | 0 | get 0.0000% / 4h | 1h 16m | $2.1M | $7K | 10x |
QFEX AAPL-USD
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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
- −$12.3
- Price spread: +0.029% → +0.032%
- −$0.22
- Slippage, 4 orders
- −$75.73
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$110.24
- Costs to cover
- 0.977%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Phemex: live order book, 1 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 QFEX live order book, 7 min ago | 1.48 bp | 6.5 bp −$6 | 7.7 bp −$77 | 13.6 bp −$1,360 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.62 bp | 41.9 bp −$42 | doesn't fit | 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 | −0.0884% | 4h | 339.05 | +0.013% | $81K | $326K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0020% | 8h | 339.07 | +0.018% | $351K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.11 | +0.029% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.00 | −0.002% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.07 | +0.016% | $22.4M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.11 | +0.029% | $6.1M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.06 | +0.015% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.89 | −0.035% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.07 | +0.018% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.10 | +0.025% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.10 | +0.026% | $14K | $498K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.07 | +0.018% | $814 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.82 | −0.056% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.19 | +0.053% | $53K | $222K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 339.11 | +0.029% | $2.1M | $7K | 10x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.00 | −0.003% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.72 | −0.086% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.85 | −0.047% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.97 | −0.012% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.70 | −0.091% | $1.5M | $2.4M | 20x | as long as short |
| Lighter AAPL | +0.0056% | 1h | 338.97 | −0.012% | $772K | $2.5M | 20x | as long as short |
| QFEX AAPL-USDlong | +0.0059% | 1h | 339.01 | long leg | $3.2M | $5.1M | 10x | |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 338.96 | −0.015% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0080% | 1h | 338.81 | −0.059% | $556K | $34K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.050% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.74 | −0.080% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.94 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.00 | −0.004% | $11K | — | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0183% | 1h | 338.96 | −0.015% | $40.9M | $76.6M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | +0.006% | $660K | $677K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.159% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0354% | 1h | 339.15 | +0.041% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0364% | 1h | 338.97 | −0.012% | $270K | $70K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Lighter RH AAPL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Lighter AAPL
Hotstuff AAPL-PERP
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD