Funding you earn now, next payment 05:00 UTC+0.0695%/8h= +76.1% APRpaid last 24h +0.283%
Price spread now: QFEX against Binance−0.071%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.247%+$25 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now −0.071%, 7d avg −0.049%
=Funding pays, the price is against you. QFEX is 0.022% cheaper against Binance than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.049%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$21 a day). At the pace of the last 4 days (+0.247% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.247% in total (about 25.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BOTUSDT | 29.361 | −0.0775 | get 0.0775% / 8h | 3h 30m | $450K | $1.2M | 10x |
| Short | QFEX BOT-USD | 29.340 | −0.0080 | pay 0.0010% / 1h | 30m 34s | $1.2M | $515K | 10x |
Binance BOTUSDT
QFEX BOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- $145.86
- Price spread: −0.071% → −0.049%
- −$2.18
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $123.68
- Costs to cover
- 0.200%
- Break-even
- 1.1 days
Slippage unknown: Binance: live order book, 2 min ago; QFEX: live order book, just now. Net counts fees only.
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 Binance live order book, 2 min ago | 3.41 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, just now | 54.50 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BOT | −0.1653% | 1h | 29.322 | −0.133% | $3.1M | $773K | 10x | as long as short |
| KuCoin BOTUSDTM | −0.1045% | 8h | 29.350 | −0.037% | $95K | $289K | 20x | as long as short |
| OKX BOT-USDT-SWAP | −0.0984% | 8h | 29.360 | −0.003% | $234K | $213K | 20x | as long as short |
| Binance BOTUSDTlong | −0.0775% | 8h | 29.361 | long leg | $450K | $1.2M | 10x | |
| Variational Omni BOT | −0.0690% | 8h | 29.370 | +0.030% | $31K | $14K | — | as long as short |
| QFEX BOT-USDshort | −0.0080% | 1h | 29.340 | −0.071% | $1.2M | $515K | 10x | |
| Bybit BOTUSDT | 0.0000% | 8h | 29.330 | −0.105% | $508K | $555K | 25x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.440 | +0.269% | $255K | $234K | 20x | as long as short |
| Bitget BOTUSDT | 0.0000% | 8h | 29.420 | +0.201% | $246K | $120K | 5x | as long as short |
| Lighter BOT | +0.0032% | 1h | 29.486 | +0.426% | $68K | $1K | 3x | as long as short |
tradeXYZ xyz:BOT
KuCoin BOTUSDTM
OKX BOT-USDT-SWAP
Variational Omni BOT
Bybit BOTUSDT
Gate BOT_USDT
Bitget BOTUSDT
Lighter BOTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | +0.0040% | 1h | 29.310 | −0.173% | $3K | $9K | 5x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.377 | +0.055% | $3K | $34K | 10x | as long as short |
Arcus BOT-USD
HTX BOT-USDT