Funding you earn now, next payment 10:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.018%
Price spread now: QFEX against Polymarket Perps+0.028%7-day average +0.006% · 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−$20as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 4 days (all we have)−0.043%−$4 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.028%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SP500-USD | 7,761.1 | −0.0075 | get 0.0009% / 1h | 14m 06s | $9.3M | $5.1M | 50x |
| Short | QFEX US500-USD | 7,763.3 | −0.0052 | pay 0.0007% / 1h | 14m 06s | $9.9M | $3.3M | 30x |
Polymarket Perps SP500-USD
QFEX US500-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
- $4.74
- Price spread: +0.028% → +0.006%
- $2.28
- Slippage, 4 orders
- −$4.16
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$15.14
- Costs to cover
- 0.222%
- Break-even
- 29.4 days
Slippage from Polymarket Perps: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago | 0.06 bp | 4.1 bp −$4 | 5.0 bp −$50 | 6.1 bp −$608 | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.22 bp | 6.2 bp −$6 | 8.8 bp −$88 | doesn't fit | doesn't fit |
SP500 on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps SP500-USDlong | −0.0075% | 1h | 7,761.1 | long leg | $9.3M | $5.1M | 50x | |
| QFEX US500-USDshort | −0.0052% | 1h | 7,763.3 | +0.028% | $9.9M | $3.3M | 30x | |
| OKX US500-USDT-SWAP | 0.0000% | 8h | 7,762 | +0.012% | $137K | $235K | 20x | as long as short |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.1 | +0.052% | $7.2M | $546K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,737.9 | −0.299% | $17.5M | $7.0M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,763.3 | +0.029% | $13K | $104K | 10x | as long as short |
| Extended SPX500m-USD | +0.0016% | 1h | 7,766.1 | +0.065% | $3.2M | $10.1M | 25x | as long as short |
| Lighter US500 | +0.0024% | 1h | 7,762.4 | +0.017% | $2.1M | $29.1M | 50x | as long as short |
| tradeXYZ xyz:SP500 | +0.0026% | 1h | 7,763.8 | +0.035% | $424.3M | $237.2M | 50x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,658 | −1.328% | $7K | $101 | 52x | as long as short |
OKX US500-USDT-SWAP
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Extended SPX500m-USD
Lighter US500
tradeXYZ xyz:SP500
Injective US500/USDC PERPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,735.4 | −0.331% | $1.5M | $8.1M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.5 | +0.907% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,765.9 | +0.062% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.9 | +0.035% | $43K | — | 5x | as long as short |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.5 | +0.031% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,762.7 | +0.020% | $9.5M | $8.6M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.4 | +0.068% | $259K | $174K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0379% | 1h | 7,759.2 | −0.025% | $556 | $29K | 10x | as long as short |
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD