Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.015%
Price spread now: tradeXYZ against QFEX+0.011%7-day average −0.024% · 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−$41as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 4 days (all we have)+0.062%+$6 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.011%, 7d avg −0.024%
=Together, before fees−0.011%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.035% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BE-USD | 272.96 | 0.0036 | pay 0.0005% / 1h | 18m 09s | $1.3M | $2.6M | 10x |
| Short | tradeXYZ xyz:BE | 272.99 | 0.0050 | get 0.0006% / 1h | 18m 09s | $5.9M | $2.7M | 10x |
QFEX BE-USD
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against QFEX. 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
- $2.94
- Price spread: +0.011% → −0.024%
- $3.46
- Slippage, 4 orders
- −$16.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.06
- Costs to cover
- 0.445%
- Break-even
- 97.6 days
Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 10 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 QFEX live order book, 5 min ago | 1.65 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 1.09 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 272.96 | −0.001% | $343K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.90 | −0.022% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.92 | −0.015% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 273.51 | +0.201% | $7K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.12 | +0.059% | $981 | $2.4M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 272.96 | 0.000% | $6K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.99 | +0.011% | $13K | $35K | 20x | as long as short |
| Binance BEUSDT | +0.0006% | 8h | 273.03 | +0.027% | $8.4M | $36.7M | 25x | as long as short |
| Extended BE-USD | +0.0008% | 1h | 272.92 | −0.015% | $47K | $262K | 10x | as long as short |
| Bybit BEUSDT | +0.0011% | 8h | 273.09 | +0.048% | $2.0M | $1.1M | 25x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Binance BEUSDT
Extended BE-USD
Bybit BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin BE-USDT | +0.0028% | 8h | 273.25 | +0.106% | $45K | $142K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 272.87 | −0.033% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 273.04 | +0.029% | $249K | $290K | 10x | as long as short |
| QFEX BE-USDlong | +0.0036% | 1h | 272.96 | long leg | $1.3M | $2.6M | 10x | |
| Arcus BE-USD | +0.0040% | 1h | 273.19 | +0.084% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.00 | +0.015% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 272.99 | +0.011% | $5.9M | $2.7M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.04 | +0.029% | $476K | $136K | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0095% | 8h | 273.16 | +0.073% | $2.6M | $6.9M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.03 | +0.026% | $369K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.94 | −0.006% | — | — | 10x | as long as short |
BloFin BE-USDT
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
OKX BE-USDT-SWAP
KuCoin BEUSDTM
Aevo BE-PERP