Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.02 per $10,000 · paid last 24h −0.008%
Price spread now: QFEX against Polymarket Perps+0.003%54s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.209% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.045%−$4 on $10k
Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.003%, 7d avg +0.067%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.064% 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 +0.067%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps AAPL-USD339.130.0050pay 0.0006% / 1h7m 35s$278K$408K10x
ShortQFEX AAPL-USD339.140.0030get 0.0004% / 1h7m 35s$3.2M$4.4M10x

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
−$4.15
Price spread: +0.003% → +0.067%
−$6.38
Slippage, 4 orders
−$2.93
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$31.46
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 45 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 45 min ago0.15 bp5.3 bp −$55.3 bp −$538.0 bp −$800doesn't fit
Sell QFEX live order book, 6 min ago0.74 bp5.7 bp −$66.7 bp −$6712.1 bp −$1,214doesn't fit

AAPL on 33 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
edgeX AAPLUSDC−0.0405%4h339.17+0.011%$81K$327K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0104%1h339.09−0.012%$28K$67K10xas long as short
Nado AAPL-PERP−0.0095%1h339.19+0.018%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.26+0.039%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.17+0.012%$282K$1.4M10xas long as short
Binance AAPLUSDT0.0000%8h339.26+0.039%$22.0M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.19+0.018%$5.8M$71.3M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.26+0.038%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.99−0.041%$3.0M$4.5M100xas long as short
Bitget AAPLUSDT0.0000%8h339.28+0.044%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.27+0.043%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.29+0.046%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.26+0.038%$774$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.38+0.074%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.34+0.062%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0019%8h339.21+0.024%$340K$168K20xas long as short
QFEX AAPL-USDshort+0.0030%1h339.14+0.003%$3.2M$4.4M10x
Lighter AAPL+0.0032%1h339.15+0.006%$802K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.16+0.009%$939K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.07−0.018%$266K$61K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.10−0.009%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.14+0.003%$40.5M$76.1M20xas long as short
Polymarket Perps AAPL-USDlong+0.0050%1h339.13long leg$278K$408K10x
SoDEX AAPL-USD+0.0050%1h339.15+0.006%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.91−0.065%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h339.12−0.003%$661K$656K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.28+0.044%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.21+0.024%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.12−0.003%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.14+0.004%$11K10xas long as short
Hotstuff AAPL-PERP+0.0120%1h339.15+0.006%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.05−0.024%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.26+0.038%$5K$11K20xas long as short