Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.002%
Price spread now: QFEX against tradeXYZ+0.012%7-day average +0.060% · 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−$37as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 4 days (all we have)−0.022%−$2 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now +0.012%, 7d avg +0.060%
=Together, before fees+0.016%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.049% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.61 | 0.0090 | pay 0.0011% / 1h | 52m 43s | $40.6M | $76.6M | 20x |
| Short | QFEX AAPL-USD | 339.65 | 0.0023 | get 0.0003% / 1h | 52m 43s | $3.2M | $4.3M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$14.06
- Price spread: +0.012% → +0.060%
- −$4.85
- Slippage, 4 orders
- −$4.04
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$50.95
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.15 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.33 bp | 6.3 bp −$6 | 7.2 bp −$72 | 13.5 bp −$1,346 | 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 | −0.0978% | 4h | 339.57 | −0.012% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0065% | 1h | 339.53 | −0.024% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0015% | 8h | 339.72 | +0.032% | $341K | $168K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.60 | −0.003% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.55 | −0.019% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.63 | +0.005% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.72 | +0.032% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.66 | +0.015% | $7.0M | $103.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.68 | +0.021% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.44 | −0.050% | $3.0M | $4.9M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.77 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.65 | +0.013% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.64 | +0.009% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.71 | +0.029% | $775 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.56 | −0.015% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.80 | +0.056% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.74 | +0.038% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USDshort | +0.0023% | 1h | 339.65 | +0.012% | $3.2M | $4.3M | 10x | |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.55 | −0.018% | $660K | $657K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.56 | −0.015% | $908K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.57 | −0.012% | $951K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.55 | −0.018% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.46 | −0.044% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.60 | −0.003% | $280K | $416K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.61 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.48 | −0.038% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0090% | 1h | 339.61 | long leg | $40.6M | $76.6M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.40 | −0.062% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.47 | −0.041% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.59 | −0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.60 | −0.002% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.77 | +0.047% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.39 | −0.065% | $191K | $44K | 30x | as long as short |
tradeXYZ xyz:AAPL
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 AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Phoenix AAPL
Injective AAPL/USDC PERP