Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: QFEX against Polymarket Perps+0.010%7-day average −0.012% · 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−$24as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 4 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.010%, 7d avg −0.012%
=The price spread pays, funding is against you. QFEX is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NAS100-USD | 30,578 | 0.0050 | pay 0.0006% / 1h | 50m 12s | $7.2M | $1.9M | 50x |
| Short | QFEX US100-USD | 30,581 | 0.0004 | get 0.0000% / 1h | 50m 12s | $1.4M | $1.1M | 30x |
Polymarket Perps NAS100-USD
QFEX US100-USDFunding 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
- −$9.68
- Price spread: +0.010% → −0.012%
- $2.17
- Slippage, 4 orders
- −$8.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$33.62
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; QFEX: live order book, 1 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, 4 min ago | 0.82 bp | 5.0 bp −$5 | 5.4 bp −$54 | 5.5 bp −$553 | 11.4 bp −$5,717 |
| Sell QFEX live order book, 1 min ago | 0.82 bp | 8.7 bp −$9 | 8.8 bp −$88 | doesn't fit | doesn't fit |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0214% | 8h | 30,567.1 | −0.036% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,571.3 | −0.022% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0095% | 8h | 30,580 | +0.007% | $23.7M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,548 | −0.098% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | −0.098% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,580.8 | +0.009% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,566.1 | −0.039% | $1.4M | $178K | 10x | as long as short |
| QFEX US100-USDshort | +0.0004% | 1h | 30,581 | +0.010% | $1.4M | $1.1M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,573 | −0.016% | $3.9M | $93.9M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,577.1 | −0.003% | $2.2M | $5.4M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,866.3 | +0.943% | — | $193.7M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,573.9 | −0.014% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,578 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0166% | 1h | 30,589.1 | +0.036% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,643.9 | +0.216% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD