Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.033%
Price spread now: QFEX against Injective−0.176%7-day average −0.065% · 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−$46as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.176%, 7d avg −0.065%
=Funding pays, the price is against you. QFEX is 0.111% cheaper against Injective than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.065%). If the spread goes back, that is −$11 on $10k: about 12 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GOOGL/USDC PERP | 357.12 | 0.0033 | pay 0.0004% / 1h | 48m 00s | $128K | $45K | 30x |
| Short | QFEX GOOGL-USD | 356.49 | 0.0064 | get 0.0008% / 1h | 48m 00s | $1.3M | $4.8M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- $6.34
- Price spread: −0.176% → −0.065%
- −$11.12
- Slippage, 4 orders
- −$25.23
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.03
- Costs to cover
- 0.353%
- Break-even
- 51.2 days
Slippage from Injective: live order book, 26 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 Injective live order book, 26 min ago | 10.37 bp | 10.4 bp −$10 | 10.4 bp −$104 | 57281.1 bp −$5.73M | 326404.8 bp −$163.20M |
| Sell QFEX live order book, 5 min ago | 2.24 bp | 7.2 bp −$7 | 8.1 bp −$81 | 14.6 bp −$1,457 | doesn't fit |
GOOGL on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GOOGL_USDT | 0.0000% | 8h | 356.49 | −0.176% | $3.6M | $7.5M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 356.61 | −0.143% | $1K | $4.2M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 356.34 | −0.218% | $23K | $153K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 356.70 | −0.118% | $115K | $225K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 356.64 | −0.134% | $2.7M | $66K | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0017% | 1h | 356.38 | −0.207% | $144K | $53K | 10x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 356.62 | −0.140% | $1.4M | $2.3M | 20x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.0032% | 1h | 356.34 | −0.218% | $529K | $1.1M | 10x | as long as short |
| Injective GOOGL/USDC PERPlong | +0.0033% | 1h | 357.12 | long leg | $128K | $45K | 30x | |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 356.60 | −0.146% | — | $5K | 25x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOOGL-PERP | +0.0048% | 1h | 356.36 | −0.213% | $33K | — | 20x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 356.36 | −0.213% | $98.2M | $24.6M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 356.38 | −0.207% | $683K | $437K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 356.34 | −0.218% | $173 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.16 | −0.269% | $2.3M | $4.9M | 15x | as long as short |
| QFEX GOOGL-USDshort | +0.0064% | 1h | 356.49 | −0.176% | $1.3M | $4.8M | 10x | |
| Variational Omni GOOGL | +0.0068% | 8h | 356.63 | −0.137% | $4.8M | $2.7M | — | as long as short |
| Nado GOOGL-PERP | +0.0087% | 1h | 356.39 | −0.204% | $560K | $81K | 20x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0095% | 8h | 356.54 | −0.163% | $292 | $253 | 5x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 356.49 | −0.176% | $42K | $45K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 356.14 | −0.274% | $3.0M | $66K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 356.62 | −0.140% | $21K | $9K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 356.37 | −0.210% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 356.47 | −0.183% | $25K | — | 10x | as long as short |
| Lighter GOOGL | +0.0112% | 1h | 356.56 | −0.157% | $2.1M | $1.1M | 20x | as long as short |
| Aster GOOGLUSDT | +0.0113% | 8h | 356.74 | −0.105% | $365K | $457K | 20x | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0121% | 8h | 356.81 | −0.087% | $23K | $472K | 10x | as long as short |
| Binance GOOGLUSDT | +0.0134% | 8h | 356.60 | −0.146% | $73.2M | $142.4M | 50x | as long as short |
| Extended GOOGL-USD | +0.0136% | 1h | 356.53 | −0.165% | $429K | $1.7M | 20x | as long as short |
| Bitget GOOGLUSDT | +0.0143% | 8h | 356.56 | −0.157% | $16.9M | $9.2M | 100x | as long as short |
| Phoenix GOOGL | +0.0157% | 1h | 356.56 | −0.157% | $137K | $48K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0197% | 8h | 356.65 | −0.132% | $11.5M | $7.7M | 100x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0200% | 8h | 356.57 | −0.154% | $13.8M | $12.8M | 50x | as long as short |
| BloFin GOOGL-USDT | +0.0254% | 8h | 356.66 | −0.129% | $688K | $235K | 20x | as long as short |
| Arcus GOOGL-USD | +0.0306% | 1h | 356.43 | −0.193% | $202K | $271K | 10x | as long as short |
| edgeX GOOGLUSDC | +0.0476% | 4h | 356.74 | −0.108% | $210K | $1.2M | 10x | as long as short |
Injective GOOGL/USDC PERP
Gate GOOGL_USDT
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Coinbase International GOOGL-PERP-INTX
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Variational Omni GOOGL
Paradex GOOGL-USD-PERP
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Lighter GOOGL
Aster GOOGLUSDT
GRVT GOOGL_USDT_Perp
Binance GOOGLUSDT
Extended GOOGL-USD
Bitget GOOGLUSDT
Phoenix GOOGL
Bybit GOOGLUSDT
OKX GOOGL-USDT-SWAP
BloFin GOOGL-USDT
edgeX GOOGLUSDC