Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 51.800 | +0.1095 | pay 0.1095% / 8h | 5h 06m | $659K | $2.4M | 20x | Long Bitget | |
| SHORT | 52.430 | −0.0002 | 0.0000% / 1h | 6m 40s | $980K | $1.1M | 10x | Short QFEX37% off |
Price gap+1.216%
Funding gap−0.1097% /8h
The gap pays +$167 on $10k if it goes back to its 7d average, but funding costs $33 a day and eats that in about 5.1 days. At the last 7 days' pace that is about 58 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$20−0.1097% /8h now · paid −0.202% over the last 7D
Price+$167spread +1.216% now, avg −0.453% → +1.670% if it goes back
Costs−$2872.865% of $10k · taker + slippage, in and out
Result−$140−1.40%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.202% in total, about −0.0096%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.216%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAEHR on 7 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size53.7 / 92.7 bpAt $10k entering QFEX costs 92.7 bp, fee and slippage, 1.7× Bitget’s.
- Note: Margin at max leverage$500 + $1,000Bitget 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$32.91Long Bitget: 3 payments, −$32.85; short QFEX: 24 payments, −$0.06.
- OK: Entry gap works for you+1.216% vs −0.453%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$659K vs $980K OIBitget sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · QFEX NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0096%/8h × 21 periods−$20.24
Price spread+1.216% → −0.453% (7d avg)+$166.96
Slippage, 4 orderslive order books−$254.54
Fee Bitget bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$139.82
Costs to cover2.865%Break-evennever at this rate
Slippage: Bitget: live order book, 7 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget6.7753.7 bp−$5475.4 bp−$754doesn’t fitdoesn’t fit
SELL · SHORTQFEX82.0392.7 bp−$93doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.