Funding you earn now, next payment 10:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.001%
Price spread now: QFEX against GRVT+0.022%7-day average −0.037% · 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−$48as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.480%−$48 · spread now +0.022%, 7d avg −0.037%
=Together, before fees−0.504%+ Points / potential airdropGRVT: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.059% dearer against GRVT than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.037%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.024% in total) that is about 9.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BE_USDT_Perp | 273.66 | 0.0587 | pay 0.0587% / 8h | 6h 20m | $6K | $138K | 10x |
| Short | QFEX BE-USD | 273.72 | 0.0039 | get 0.0005% / 1h | 20m 59s | $1.3M | $2.2M | 10x |
GRVT BE_USDT_Perp
QFEX BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GRVT. 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
- −$115.16
- Price spread: +0.022% → −0.037%
- $5.94
- Slippage, 4 orders
- −$34.69
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$162.91
- Costs to cover
- 0.537%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 28 min ago; QFEX: live order book, 4 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 GRVT live order book, 28 min ago | 2.93 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.01 bp | 9.5 bp −$10 | 13.8 bp −$138 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTX | −0.0008% | 1h | 273.21 | −0.164% | $467K | $132K | 10x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 273.86 | +0.073% | $344K | $134K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 273.63 | −0.013% | $46K | $383K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 273.70 | +0.015% | $8.2M | $38.9M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 273.66 | 0.000% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.50 | −0.058% | $1.3M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.61 | −0.018% | $1.5M | $3.0M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.79 | +0.048% | $1K | $2.1M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 273.59 | −0.026% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.57 | −0.033% | $12K | $35K | 20x | as long as short |
Coinbase International BE-PERP-INTX
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 273.59 | −0.026% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 273.65 | −0.004% | $249K | $301K | 10x | as long as short |
| QFEX BE-USDshort | +0.0039% | 1h | 273.72 | +0.022% | $1.3M | $2.2M | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 273.53 | −0.048% | $113K | $97K | 10x | as long as short |
| Bybit BEUSDT | +0.0043% | 8h | 273.76 | +0.037% | $2.0M | $1.0M | 25x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.62 | −0.015% | — | — | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.63 | −0.011% | $356K | $152K | 20x | as long as short |
| tradeXYZ xyz:BE | +0.0101% | 1h | 273.66 | 0.000% | $5.9M | $2.9M | 10x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.59 | −0.026% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 273.60 | −0.022% | $46K | $158K | 20x | as long as short |
| GRVT BE_USDT_Perplong | +0.0587% | 8h | 273.66 | long leg | $6K | $138K | 10x |
Lighter BE
Lighter RH BE
Arcus BE-USD
Bybit BEUSDT
Vest BE-USD-PERP
KuCoin BEUSDTM
tradeXYZ xyz:BE
Aevo BE-PERP
BloFin BE-USDT