Funding you earn now, next payment 06:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.027%
Price spread now: Bitget against QFEX+0.167%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Funding, last 4 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.167%, 7d avg +0.074%
=The price spread pays, funding is against you. Bitget is 0.093% dearer against QFEX than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.074%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CAT-USD | 818.29 | 0.0034 | pay 0.0004% / 1h | 55m 33s | $1.2M | $4.0M | 10x |
| Short | Bitget CATUSDT | 819.66 | 0 | get 0.0000% / 8h | 2h 55m | $486K | $142K | 20x |
QFEX CAT-USD
Bitget CATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$7.19
- Price spread: +0.167% → +0.074%
- $9.33
- Slippage, 4 orders
- −$87.05
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$106.91
- Costs to cover
- 1.090%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Bitget: live order book, 50 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 QFEX live order book, 3 min ago | 6.84 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 12.21 bp | 18.3 bp −$18 | 40.4 bp −$404 | 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 | 819.00 | +0.087% | $175K | $23K | 20x | as long as short |
| Bitget CATUSDTshort | 0.0000% | 8h | 819.66 | +0.167% | $486K | $142K | 20x | |
| Variational Omni CAT | 0.0000% | 8h | 818.21 | −0.010% | $84K | $30K | — | as long as short |
| QFEX CAT-USDlong | +0.0034% | 1h | 818.29 | long leg | $1.2M | $4.0M | 10x | |
| Binance CATUSDT | +0.0118% | 8h | 818.37 | +0.010% | $444K | $395K | 25x | as long as short |
Gate CAT_USDT
Variational Omni CAT
Binance CATUSDT