Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 709.41 | 0 | 0.0000% / 8h | 3h 37m | $19K | $242K | 20x | Long Binance | |
| SHORT | 714.26 | +0.0800 | get 0.0100% / 1h | 18m 37s | $1.1M | $136K | 10x | Short QFEX |
Price gap+0.684%53s
Funding gap+0.0800% /8h
Funding trade: +$24 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
The two prices were read 53 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—+0.0800% /8h now · no funding history yet
Price—spread +0.684%53s now · prices read too far apart to compare
Costs−$7057.047% of $10k · taker + slippage, in and out
Result—no pointsneeds funding history
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
QFEX price against Binancenow
RANGE STATS · 7D
Now+0.684%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBWET on 3 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size28.0 / 314.6 bpAt $10k entering QFEX costs 314.6 bp, fee and slippage, 11.2× Binance’s.
- Note: Margin at max leverage$500 + $1,000Binance 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$24.00Long Binance: 3 payments, $0.00; short QFEX: 24 payments, +$24.00.
- Watch: Prices read 53 s apart+0.684% vs +0.692%Part of this gap may be the market moving.
- Watch: Long leg is thinner$19K vs $1.1M OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · QFEX NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$168.00
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$684.72
Fee Binance bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$536.72
price spread not counted: prices read too far apartCosts to cover7.047%Break-even29.4 days
Slippage: Binance: live order book, 58 min ago; QFEX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance12.7428.0 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX252.08314.6 bp−$315doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 12:00 | Gate | Listing | new market BWET_USDT ($BWET) seen by our collector |
| 09-29 10:05 | Binance | Listing | new market BWETUSDT ($BWET) seen by our collector |
| 09-22 15:05 | QFEX | Other | $BWET - Breakwave Tanker Shipping ETF is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-22 11:12 | QFEX | Listing | new market BWET-USD ($BWET) seen by our collector |
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