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Funding arb · Price arb /

BB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0819%/8h= +89.7% APRnext payment +$1.02 per $10,000 · paid last 24h +0.024%
Price spread now: Ondo Perps against QFEX+0.061%7-day average −0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on QFEXShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.115%+$11 on $10k
Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.061%, 7d avg −0.056%
Together, before fees−0.052%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Ondo Perps is 0.117% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.056%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.115% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BB-USD8.57000.0014pay 0.0002% / 1h37m 25s$1.1M$281K10x
ShortOndo Perps BB-USD.P8.57520.0834get 0.0104% / 1h37m 25s$460K$443K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$172.03
Price spread: +0.061% → −0.056%
$11.7
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$168.74
Costs to cover
0.150%
Break-even
0.1 days
Slippage unknown: QFEX: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago11.65 bp21.3 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample—————
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BBSTOCKUSDT0.0000%8h8.5760+0.070%$49K$24K20xas long as short
QFEX BB-USDlong+0.0014%1h8.5700long leg$1.1M$281K10x
Vest BB-USD-PERP+0.0046%1h8.57000.000%—$1K10xas long as short
OKX BB-USDT-SWAP+0.0161%8h8.5830+0.152%$211K$493K20xas long as short
MEXC BBSTOCK_USDT+0.0236%8h8.57000.000%$311K$106K50xas long as short
Ondo Perps BB-USD.Pshort+0.0834%1h8.5752+0.061%$460K$443K10x
Lighter BB+0.1616%1h8.5913+0.249%$188K$141K10xas long as short
tradeXYZ xyz:BB+0.1643%1h8.5808+0.126%$10.6M$3.2M10xas long as short
Extended BB-USD+0.1696%1h8.5796+0.112%$9K$21K10xas long as short