Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.900 | 0 | 0.0000% / 1h | 51m 08s | $174K | $885 | 10x | Long QFEX10% back | |
| SHORT | 79.000 | 0 | 0.0000% / 8h | 5h 51m | $116K | $20 | 20x | Short Gate |
Price gap+0.127%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$45 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 6 days (all we have)
Price+$45spread +0.127% now, avg −0.327% → +0.453% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$45+0.45%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.127%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCCJ on 4 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Gate’s order book right now.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long QFEX: 24 payments, $0.00; short Gate: 3 payments, $0.00.
- OK: Entry gap works for you+0.127% vs −0.327%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$116K vs $174K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods−$0.05
Price spread+0.127% → −0.327% (7d avg)+$45.34
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee QFEX bp × 2 orders−$20.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: QFEX: live order book, 21 min ago; Gate: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX3.21147.6 bp−$148doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGate202.94doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.