Funding you earn now, next payment 07:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.010%
Price spread now: QFEX against Binance−0.100%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1251.255% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 2 days (all we have)+0.058%+$6 · spread now −0.100%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and QFEX is 0.075% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.002% in total (about -0.2% 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 CATUSDT | 816.20 | 0.0308 | pay 0.0308% / 8h | 1h 32m | $442K | $390K | 25x |
| Short | QFEX CAT-USD | 815.38 | 0.0054 | get 0.0007% / 1h | 32m 28s | $1.1M | $3.7M | 10x |
Binance CATUSDT
QFEX CAT-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
- −$53.46
- Price spread: −0.100% → −0.025%
- −$7.5
- Slippage, 4 orders
- −$105.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$186.43
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Binance: live order book, 59 min ago; QFEX: live order book, 11 min ago.
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, 59 min ago | 7.70 bp | 54.3 bp −$54 | 179.3 bp −$1,793 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 9.66 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
CAT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CAT_USDT | 0.0000% | 8h | 817.40 | +0.147% | $175K | $23K | 20x | as long as short |
| Bitget CATUSDT | 0.0000% | 8h | 817.69 | +0.183% | $481K | $146K | 20x | as long as short |
| QFEX CAT-USDshort | +0.0054% | 1h | 815.38 | −0.100% | $1.1M | $3.7M | 10x | |
| Variational Omni CAT | +0.0123% | 8h | 817.47 | +0.155% | $84K | $30K | — | as long as short |
| Binance CATUSDTlong | +0.0308% | 8h | 816.20 | long leg | $442K | $390K | 25x |
Gate CAT_USDT
Bitget CATUSDT
Variational Omni CAT