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

BNC

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0599%/8h= −65.6% APRpaid last 24h +0.435%
Price spread now: Bybit against QFEX0.000%53s7-day average · you sell dearer than you buy
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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BNC-USD6.2000−0.0010get 0.0001% / 1h30m 43s$49K$13K10x
ShortBybit BNCUSDT6.2000−0.0609pay 0.0609% / 8h1h 30m$561K$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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
−$125.78
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$146.78
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: QFEX: no order-book sample; Bybit: live order book, 6 min ago. 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 no order-book sample
Sell Bybit live order book, 6 min ago4.03 bp125.2 bp −$125237.7 bp −$2,377doesn't fitdoesn't fit
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−0.1952%8h6.2150+0.242%$779K$4.3M5xas long as short
Binance BNCUSDT−0.1142%8h6.1980−0.032%$13.3M$41.1M10xas long as short
Variational Omni BNC−0.0988%8h6.1944−0.090%$115K$141Kas long as short
Bybit BNCUSDTshort−0.0609%8h6.20000.000%$561K$2.0M25x
Aster BNCUSD1−0.0594%8h6.2029+0.046%$178K$22K10xas long as short
QFEX BNC-USDlong−0.0010%1h6.2000long leg$49K$13K10x
Bullet BNC-USD0.0000%1h6.1980−0.031%$9K$69K10xas long as short
HTX BNC-USDT0.0000%8h6.2010+0.016%$14K$27K10xas long as short
KuCoin BNCUSDTM+0.0070%8h6.1980−0.032%$40K$3.0M20xas long as short