Funding you earn now, next payment 02:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: QFEX against tradeXYZ−0.021%7-day average +0.062% · 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−$43as 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+0.079%+$8 · spread now −0.021%, 7d avg +0.062%
=Together, before fees+0.058%+ Points / potential airdroptradeXYZ: Active · farm board+$6 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 0.082% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.20 | 0.0057 | pay 0.0007% / 1h | 13m 35s | $40.8M | $75.7M | 20x |
| Short | QFEX AAPL-USD | 339.13 | 0.0028 | get 0.0003% / 1h | 13m 35s | $3.2M | $4.9M | 10x |
tradeXYZ xyz:AAPL
QFEX AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$6.15
- Price spread: −0.021% → +0.062%
- −$8.22
- Slippage, 4 orders
- −$6.43
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$48.8
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; QFEX: 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 tradeXYZ live order book, 6 min ago | 0.15 bp | 10.4 bp −$10 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.21 bp | 7.2 bp −$7 | 7.2 bp −$72 | 12.3 bp −$1,230 | 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 | −0.0903% | 4h | 339.17 | −0.008% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0084% | 1h | 339.22 | +0.005% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0045% | 1h | 338.99 | −0.062% | $28K | $67K | 10x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.20 | 0.000% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.30 | +0.029% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.28 | +0.024% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.05 | −0.044% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.25 | +0.015% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.18 | −0.006% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.24 | +0.012% | $583 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.35 | +0.044% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.24 | +0.012% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0002% | 8h | 339.24 | +0.010% | $2.4M | $1.4M | — | as long as short |
| Hotstuff AAPL-PERP | +0.0008% | 1h | 339.20 | 0.000% | $36K | — | 20x | as long as short |
| QFEX AAPL-USDshort | +0.0028% | 1h | 339.13 | −0.021% | $3.2M | $4.9M | 10x | |
| Binance AAPLUSDT | +0.0031% | 8h | 339.25 | +0.015% | $22.3M | $66.8M | 25x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.09 | −0.032% | $782K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.15 | −0.015% | $950K | $3.5M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0032% | 1h | 339.17 | −0.009% | $288K | $2.0M | 10x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.10 | −0.029% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.09 | −0.032% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.97 | −0.068% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.19 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.00 | −0.059% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0057% | 1h | 339.20 | long leg | $40.8M | $75.7M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.07 | −0.038% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.06 | −0.041% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | −0.032% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.13 | −0.019% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.203% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.06 | −0.041% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.30 | +0.029% | $5K | $11K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
Hotstuff AAPL-PERP
Binance AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Extended AAPL_24_5-USD
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