Settings8H · net · $10k
Funding arb · Price arb /

CIFR

RWAall CIFR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%
Price spread now: HTX against QFEX+0.470%7-day average −0.095% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.470%, 7d avg −0.095%
Together, before fees−0.074%−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.565% dearer against QFEX than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of −0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CIFR-USD18.9300.0001pay 0.0000% / 1h45m 59s$1.2M$793K10x
ShortHTX CIFR-USDT19.0190get 0.0000% / 8h5h 45m$2K$385K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.17
Price spread: +0.470% → −0.095%
$56.53
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$34.36
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: QFEX: live order book, 3 min ago; HTX: live order book, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago2.64 bp33.7 bp −$3434.0 bp −$340doesn't fitdoesn't fit
Sell HTX live order book, 65 min ago52.04 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CIFR on 5 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CIFRUSDT0.0000%8h18.980+0.264%$83K$68K25xas long as short
Gate CIFR_USDT0.0000%8h18.929−0.005%$56K$12K20xas long as short
HTX CIFR-USDTshort0.0000%8h19.019+0.470%$2K$385K20x
QFEX CIFR-USDlong+0.0001%1h18.930long leg$1.2M$793K10x
Paragon para:CIFR+0.0658%1h18.956+0.140%$1.0M$657K10xas long as short