Settings8H · net · $10k
Funding arb · Price arb /

BNC

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0240%/8h= +26.2% APRpaid last 24h −0.451%
Price spread now: QFEX against Aster−0.158%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. QFEX is 0.158% cheaper against Aster than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNCUSD16.1998−0.0720get 0.0720% / 8h3h 00m$178K$22K10x
ShortQFEX BNC-USD6.1900−0.0480pay 0.0060% / 1h0m 32s$49K$29K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$50.34
Price spread: −0.158% → 0.000%
−$15.82
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
$16.52
Costs to cover
0.180%
Break-even
4.7 days
Slippage unknown: Aster: live order book, 51 min ago; QFEX: 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 Aster live order book, 51 min ago15.21 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell QFEX no order-book sample
QFEX: 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.

BNC 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 BNCUSDT−0.2637%8h6.2016+0.029%$787K$4.3M5xas long as short
Bybit BNCUSDT−0.1419%8h6.1890−0.174%$561K$2.1M25xas long as short
Binance BNCUSDT−0.1329%8h6.1823−0.282%$13.4M$41.5M10xas long as short
Variational Omni BNC−0.1195%8h6.1929−0.111%$115K$141Kas long as short
Aster BNCUSD1long−0.0720%8h6.1998long leg$178K$22K10x
QFEX BNC-USDshort−0.0480%1h6.1900−0.158%$49K$29K10x
HTX BNC-USDT−0.0348%8h6.1930−0.110%$14K$27K10xas long as short
KuCoin BNCUSDTM−0.0038%8h6.1970−0.045%$36K$3.0M20xas long as short
Bullet BNC-USD0.0000%1h6.1807−0.308%$9K$69K10xas long as short