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Funding arb · Price arb /

COIN

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.016%
Price spread now: QFEX against Polymarket Perps+0.005%7-day average −0.004% · 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−$25as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Long on Polymarket PerpsShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.076%−$8 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.005%, 7d avg −0.004%
Together, before fees−0.108%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps COIN-USD201.840.0050pay 0.0006% / 1h20m 47s$129K$1.2M10x
ShortQFEX COIN-USD201.850.0032get 0.0004% / 1h20m 47s$1.4M$4.0M10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$3.81
Price spread: +0.005% → −0.004%
$0.93
Slippage, 4 orders
−$8.24
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$29.13
Costs to cover
0.262%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 3 min ago1.73 bp5.7 bp −$66.5 bp −$6510.2 bp −$1,023doesn't fit
Sell QFEX live order book, 7 min ago1.49 bp6.5 bp −$67.8 bp −$78doesn't fitdoesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h201.44−0.198%$44K$49K30xas long as short
Aster COINUSDT0.0000%8h201.97+0.065%$370K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h201.89+0.023%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h201.94+0.049%$15.6M$76.6M20xas long as short
Bybit COINUSDT0.0000%8h201.95+0.054%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h201.93+0.045%$3.3M$4.7M20xas long as short
Gate COIN_USDT0.0000%8h201.91+0.035%$1.3M$7.0M50xas long as short
Variational Omni COIN0.0000%8h201.89+0.026%$840K$1.1M—as long as short
GRVT COIN_USDT_Perp0.0000%8h201.94+0.048%$12K$2.0M10xas long as short
Bitget COINUSDT+0.0006%8h201.98+0.069%$6.9M$10.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COIN-USDshort+0.0032%1h201.85+0.005%$1.4M$4.0M10x
Lighter RH COIN+0.0032%1h201.87+0.015%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h202.07+0.114%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h201.80−0.020%—$513K25xas long as short
Polymarket Perps COIN-USDlong+0.0050%1h201.84long leg$129K$1.2M10x
SoDEX COIN-USD+0.0050%1h201.81−0.015%$84$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h201.83−0.005%$361K$3.3M10xas long as short
Lighter COIN+0.0088%1h201.89+0.024%$377K$2.0M10xas long as short
KuCoin COINUSDTM+0.0100%8h202.01+0.084%$1.0M$138K20xas long as short
ApeX Omni COINUSDT+0.0100%1h201.91+0.035%$91K$310K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h201.90+0.030%$584$4K10xas long as short
Aevo COIN-PERP+0.0104%1h201.86+0.012%$119—10xas long as short
BloFin COIN-USDT+0.0120%8h201.89+0.025%$200K$342K20xas long as short
tradeXYZ xyz:COIN+0.0157%1h201.840.000%$16.6M$13.2M10xas long as short
Phoenix COIN+0.0238%1h201.95+0.054%$5K$279K10xas long as short
edgeX COINUSDC+0.0379%4h201.87+0.015%$52K$293K10xas long as short