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 − 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−$210.209% of the position
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AAPL-USD | 339.13 | 0.0050 | pay 0.0006% / 1h | 7m 35s | $278K | $408K | 10x |
| Short | QFEX AAPL-USD | 339.14 | 0.0030 | get 0.0004% / 1h | 7m 35s | $3.2M | $4.4M | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 45 min ago | 0.15 bp | 5.3 bp −$5 | 5.3 bp −$53 | 8.0 bp −$800 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.74 bp | 5.7 bp −$6 | 6.7 bp −$67 | 12.1 bp −$1,214 | 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 | −0.0405% | 4h | 339.17 | +0.011% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0104% | 1h | 339.09 | −0.012% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0095% | 1h | 339.19 | +0.018% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.26 | +0.039% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.17 | +0.012% | $282K | $1.4M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.26 | +0.039% | $22.0M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | +0.018% | $5.8M | $71.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.26 | +0.038% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.99 | −0.041% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.28 | +0.044% | $6.2M | $3.5M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.27 | +0.043% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.29 | +0.046% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.26 | +0.038% | $774 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.38 | +0.074% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.34 | +0.062% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0019% | 8h | 339.21 | +0.024% | $340K | $168K | 20x | as long as short |
| QFEX AAPL-USDshort | +0.0030% | 1h | 339.14 | +0.003% | $3.2M | $4.4M | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.15 | +0.006% | $802K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.16 | +0.009% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.07 | −0.018% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.10 | −0.009% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.14 | +0.003% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 339.13 | long leg | $278K | $408K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.15 | +0.006% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.91 | −0.065% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 339.12 | −0.003% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.28 | +0.044% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.21 | +0.024% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.12 | −0.003% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.14 | +0.004% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0120% | 1h | 339.15 | +0.006% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.024% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.26 | +0.038% | $5K | $11K | 20x | as long as short |
Polymarket Perps AAPL-USD
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
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
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL