Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%
Price spread now: tradeXYZ against QFEX+0.012%7-day average −0.062% · 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−$27as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now +0.012%, 7d avg −0.062%
=Together, before fees−0.049%+ Points / potential airdroptradeXYZ: Active · farm board−$5 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 tradeXYZ is 0.073% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX AAPL-USD | 339.13 | 0.0028 | pay 0.0003% / 1h | 14m 34s | $3.2M | $4.9M | 10x |
| Short | tradeXYZ xyz:AAPL | 339.17 | 0.0056 | get 0.0007% / 1h | 14m 34s | $40.8M | $75.7M | 20x |
QFEX AAPL-USD
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.93
- Price spread: +0.012% → −0.062%
- $7.34
- Slippage, 4 orders
- −$6.43
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$21.15
- Costs to cover
- 0.344%
- Break-even
- 32.0 days
Slippage from QFEX: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago | 2.21 bp | 7.2 bp −$7 | 8.4 bp −$84 | 13.4 bp −$1,336 | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.15 bp | 9.6 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
AAPL on 32 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 | −0.0302% | 4h | 339.12 | −0.003% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0084% | 1h | 339.14 | +0.002% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0074% | 1h | 338.98 | −0.044% | $28K | $67K | 10x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.17 | +0.012% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.18 | +0.015% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.30 | +0.050% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.28 | +0.044% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.05 | −0.024% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.23 | +0.029% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.16 | +0.010% | $17K | $433K | 10x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Hotstuff AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.22 | +0.027% | $566 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.45 | +0.094% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.24 | +0.032% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0002% | 8h | 339.24 | +0.031% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USDlong | +0.0028% | 1h | 339.13 | long leg | $3.2M | $4.9M | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.09 | −0.012% | $782K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.15 | +0.006% | $950K | $3.5M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0032% | 1h | 339.18 | +0.014% | $288K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0033% | 8h | 339.26 | +0.038% | $22.3M | $66.8M | 25x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.10 | −0.009% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.05 | −0.024% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.92 | −0.062% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.19 | +0.018% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.00 | −0.038% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0056% | 1h | 339.17 | +0.012% | $40.8M | $75.7M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.08 | −0.015% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.16 | +0.009% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | −0.012% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.12 | −0.002% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.183% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.06 | −0.021% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.30 | +0.050% | $5K | $11K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
Lighter AAPL
Lighter RH AAPL
Extended AAPL_24_5-USD
Binance AAPLUSDT
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL