Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.015%
Price spread now: QFEX against tradeXYZ−0.033%49s7-day average +0.023% · 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—prices read too far apart to compare
costs, in and out, $10k−$470.473% of the position
Funding, last 4 days (all we have)−0.063%−$6 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.033%, 7d avg +0.023%
=Together, before fees+0.046%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 270.52 | 0.0050 | pay 0.0006% / 1h | 26m 44s | $5.9M | $2.7M | 10x |
| Short | QFEX BE-USD | 270.43 | 0.0024 | get 0.0003% / 1h | 26m 44s | $1.3M | $2.5M | 10x |
tradeXYZ xyz:BE
QFEX BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$5.46
- Price spread: −0.033% → +0.023%
- −$5.65
- Slippage, 4 orders
- −$19.32
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$58.44
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; QFEX: live order book, 11 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 tradeXYZ live order book, 2 min ago | 0.92 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 2.21 bp | 7.2 bp −$7 | 16.0 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BEUSDT | −0.0117% | 8h | 270.52 | 0.000% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 270.86 | +0.125% | $340K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 270.39 | −0.047% | $47K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 270.66 | +0.052% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 270.65 | +0.048% | $2.6M | $6.8M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 270.30 | −0.081% | $1.4M | $3.3M | 50x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.07 | +0.205% | $6K | $159K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 270.50 | −0.007% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 270.45 | −0.026% | $12K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0002% | 8h | 270.72 | +0.074% | $2.0M | $1.1M | 25x | as long as short |
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Bybit BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BE-USDshort | +0.0024% | 1h | 270.43 | −0.033% | $1.3M | $2.5M | 10x | |
| Lighter BE | +0.0032% | 1h | 270.50 | −0.007% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 270.57 | +0.018% | $241K | $299K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 270.56 | +0.015% | $113K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 270.35 | −0.063% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 270.52 | long leg | $5.9M | $2.7M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | +0.026% | $473K | $134K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 270.60 | +0.030% | $365K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 270.37 | −0.056% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 270.56 | +0.015% | $45K | $145K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0231% | 1h | 270.36 | −0.059% | $6K | $4K | 10x | as long as short |
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL