Funding you earn now, next payment 09:00 UTC−0.2451%/8h= −268.4% APRpaid last 24h −0.273%
Price spread now: OKX against QFEX−0.069%7-day average +0.016% · 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)−0.359%−$36 on $10k
+Price spread, last 4 days (all we have)−1.265%−$127 · spread now −0.069%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$74 a day on $10k at the current rate, and OKX is 0.084% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.359% in total (about -34.5% 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 | QFEX BOT-USD | 29.190 | −0.0076 | get 0.0009% / 1h | 2m 05s | $1.2M | $478K | 10x |
| Short | OKX BOT-USDT-SWAP | 29.170 | −0.2527 | pay 0.2527% / 8h | 7h 02m | $232K | $233K | 20x |
QFEX BOT-USD
OKX BOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$514.76
- Price spread: −0.069% → +0.016%
- −$8.45
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$543.21
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 4 min ago; OKX: live order book, 28 min ago. 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 QFEX live order book, 4 min ago | 130.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 28 min ago | 5.16 bp | 54.1 bp −$54 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BOTUSDT | −0.3683% | 8h | 29.150 | −0.137% | $523K | $571K | 25x | as long as short |
| OKX BOT-USDT-SWAPshort | −0.2527% | 8h | 29.170 | −0.069% | $232K | $233K | 20x | |
| KuCoin BOTUSDTM | −0.1830% | 8h | 29.160 | −0.103% | $91K | $486K | 20x | as long as short |
| Binance BOTUSDT | −0.1434% | 8h | 29.174 | −0.056% | $457K | $1.1M | 10x | as long as short |
| Variational Omni BOT | −0.1327% | 8h | 29.175 | −0.051% | $37K | $20K | — | as long as short |
| Lighter BOT | −0.0736% | 1h | 29.222 | +0.110% | $67K | $1K | 3x | as long as short |
| QFEX BOT-USDlong | −0.0076% | 1h | 29.190 | long leg | $1.2M | $478K | 10x | |
| Bitget BOTUSDT | −0.0010% | 8h | 29.230 | +0.137% | $243K | $128K | 5x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.160 | −0.103% | $251K | $227K | 20x | as long as short |
| Arcus BOT-USD | +0.0040% | 1h | 29.140 | −0.171% | $3K | $10K | 5x | as long as short |
Bybit BOTUSDT
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
Lighter BOT
Bitget BOTUSDT
Gate BOT_USDT
Arcus BOT-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BOT-USDT | +0.0100% | 8h | 29.213 | +0.079% | $3K | $35K | 10x | as long as short |
| tradeXYZ xyz:BOT | +0.0173% | 1h | 29.156 | −0.116% | $3.0M | $789K | 10x | as long as short |
HTX BOT-USDT
tradeXYZ xyz:BOT