Funding you earn now, next payment 09:00 UTC−0.0780%/8h= −85.4% APRpaid last 24h −0.194%
Price spread now: QFEX against edgeX−0.144%7-day average −0.010% · 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−$48as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 4 days (all we have)−0.573%−$57 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.144%, 7d avg −0.010%
=Together, before fees−0.543%+ Points / potential airdropedgeX: Active · farm board−$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and QFEX is 0.134% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 195.10 | 0.0827 | pay 0.0414% / 4h | 3h 30m | $50K | $296K | 10x |
| Short | QFEX COIN-USD | 194.82 | 0.0047 | get 0.0006% / 1h | 30m 47s | $1.3M | $2.8M | 10x |
edgeX COINUSDC
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$163.78
- Price spread: −0.144% → −0.010%
- −$13.35
- Slippage, 4 orders
- −$15.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$211.35
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 2 min ago; QFEX: live order book, 2 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 edgeX live order book, 2 min ago | 5.90 bp | 10.7 bp −$11 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.28 bp | 6.3 bp −$6 | 7.9 bp −$79 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 194.87 | −0.118% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0091% | 8h | 194.77 | −0.169% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0063% | 1h | 194.37 | −0.374% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 194.92 | −0.093% | $340K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 194.68 | −0.216% | $4.6M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 194.70 | −0.205% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 194.76 | −0.175% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 194.80 | −0.153% | $657K | $981K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.39 | +0.148% | $19K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 194.67 | −0.222% | $104K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0025% | 8h | 194.67 | −0.218% | $14.8M | $81.6M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 194.67 | −0.221% | $358K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 194.67 | −0.221% | $467K | $1.3M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.09 | −0.005% | $17K | $52K | 5x | as long as short |
| QFEX COIN-USDshort | +0.0047% | 1h | 194.82 | −0.144% | $1.3M | $2.8M | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.64 | −0.236% | $15.0M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 194.60 | −0.257% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 194.74 | −0.185% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.64 | −0.236% | $423K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.69 | −0.210% | $979K | $187K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 194.95 | −0.077% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 194.85 | −0.128% | $564 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 194.69 | −0.212% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0106% | 8h | 194.87 | −0.118% | $187K | $473K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.00 | −0.052% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDClong | +0.0827% | 4h | 195.10 | long leg | $50K | $296K | 10x |
Binance COINUSDT
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN