Funding you earn now, next payment 23:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.031%
Price spread now: Polymarket Perps against QFEX−0.060%54s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)+0.076%+$8 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.060%, 7d avg +0.002%
=Funding pays, the price is against you. Polymarket Perps is 0.062% cheaper against QFEX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.076% in total) that is about 2.7 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 201.61 | 0.0016 | pay 0.0002% / 1h | 12m 32s | $1.4M | $3.9M | 10x |
| Short | Polymarket Perps COIN-USD | 201.49 | 0.0050 | get 0.0006% / 1h | 12m 32s | $146K | $1.2M | 10x |
QFEX COIN-USD
Polymarket Perps COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $7.19
- Price spread: −0.060% → +0.002%
- −$6.19
- Slippage, 4 orders
- −$9.42
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.42
- Costs to cover
- 0.274%
- Break-even
- 32.7 days
Slippage from QFEX: live order book, 6 min ago; Polymarket Perps: 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, 6 min ago | 2.23 bp | 7.2 bp −$7 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.48 bp | 6.5 bp −$6 | 7.6 bp −$76 | 11.0 bp −$1,097 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.27 | −0.169% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.77 | +0.081% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.58 | −0.014% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.62 | +0.007% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.61 | 0.000% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.63 | +0.010% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.61 | 0.000% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.66 | +0.025% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.66 | +0.025% | $798K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.69 | +0.042% | $19K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USDlong | +0.0016% | 1h | 201.61 | long leg | $1.4M | $3.9M | 10x | |
| Lighter COIN | +0.0032% | 1h | 201.61 | −0.001% | $372K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.60 | −0.005% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.76 | +0.074% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.44 | −0.084% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USDshort | +0.0050% | 1h | 201.49 | −0.060% | $146K | $1.2M | 10x | |
| SoDEX COIN-USD | +0.0050% | 1h | 201.51 | −0.050% | $90 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.43 | −0.089% | $361K | $3.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0092% | 1h | 201.61 | 0.000% | $16.5M | $13.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.71 | +0.050% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.58 | −0.015% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.62 | +0.005% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.55 | −0.030% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.55 | −0.030% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.71 | +0.050% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0394% | 4h | 201.73 | +0.060% | $52K | $294K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC