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: Polymarket Perps against QFEX−0.006%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
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)−0.012%−$1 · spread now −0.006%, 7d avg −0.067%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.061% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX AAPL-USD339.140.0030pay 0.0004% / 1h6m 56s$3.2M$4.4M10x
ShortPolymarket Perps AAPL-USD339.120.0050get 0.0006% / 1h6m 56s$278K$408K10x

Funding 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 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: −0.006% → −0.067%
$6.09
Slippage, 4 orders
−$2.93
Fee QFEX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$10.7
Costs to cover
0.209%
Break-even
25.0 days
Slippage from QFEX: live order book, 7 min ago; Polymarket Perps: live order book, 45 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 QFEX live order book, 7 min ago0.74 bp5.7 bp −$65.7 bp −$5711.6 bp −$1,159doesn't fit
Sell Polymarket Perps live order book, 45 min ago0.15 bp4.1 bp −$46.6 bp −$668.7 bp −$870doesn'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+0.008%$81K$327K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0104%1h339.04−0.029%$28K$67K10xas long as short
Nado AAPL-PERP−0.0096%1h339.19+0.015%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.22+0.022%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.17+0.009%$278K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.26+0.035%$22.0M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.18+0.012%$5.8M$71.4M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.26+0.035%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.98−0.047%$3.0M$4.5M100xas long as short
Bitget AAPLUSDT0.0000%8h339.28+0.041%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.27+0.040%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.29+0.043%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.24+0.029%$784$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.36+0.065%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.34+0.059%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0027%8h339.26+0.035%$340K$168K20xas long as short
QFEX AAPL-USDlong+0.0030%1h339.14long leg$3.2M$4.4M10x
Lighter AAPL+0.0032%1h339.02−0.035%$803K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.04−0.029%$939K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.07−0.021%$266K$61K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.07−0.021%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.06−0.024%$40.5M$76.1M20xas long as short
Polymarket Perps AAPL-USDshort+0.0050%1h339.12−0.006%$278K$408K10x
SoDEX AAPL-USD+0.0050%1h339.13−0.003%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.91−0.068%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h339.12−0.006%$661K$656K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.25+0.032%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.20+0.018%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.12−0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.15+0.002%$11K10xas long as short
Hotstuff AAPL-PERP+0.0120%1h339.15+0.003%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.05−0.027%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.26+0.035%$5K$11K20xas long as short