Funding you earn now, next payment 06:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h −0.053%
Price spread now: QFEX against Gate−0.051%7-day average −0.067% · 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−$40as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now −0.051%, 7d avg −0.067%
=The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 196.28 | −0.0076 | get 0.0076% / 8h | 2h 12m | $1.2M | $7.4M | 50x |
| Short | QFEX COIN-USD | 196.18 | 0.0038 | get 0.0005% / 1h | 12m 16s | $1.3M | $3.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- $23.92
- Price spread: −0.051% → −0.067%
- $1.6
- Slippage, 4 orders
- −$16.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$16.42
- Costs to cover
- 0.419%
- Break-even
- 11.8 days
Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 6 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 Gate live order book, 1 min ago | 4.59 bp | 13.2 bp −$13 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.79 bp | 6.8 bp −$7 | 8.3 bp −$83 | 18.3 bp −$1,833 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0842% | 8h | 196.47 | +0.097% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.88 | −0.204% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.53 | −0.382% | — | $289K | 25x | as long as short |
| Gate COIN_USDTlong | −0.0076% | 8h | 196.28 | long leg | $1.2M | $7.4M | 50x | |
| Aster COINUSDT | 0.0000% | 8h | 196.02 | −0.130% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.23 | −0.025% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.31 | +0.016% | $15.1M | $82.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.30 | +0.010% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.43 | +0.076% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.78 | −0.253% | $711K | $961K | — | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.99 | −0.148% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.21 | −0.036% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0038% | 1h | 196.18 | −0.051% | $1.3M | $3.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 196.07 | −0.107% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.12 | −0.082% | $15.2M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.14 | −0.071% | $128K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.28 | 0.000% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.275% | $449K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.83 | −0.229% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.95 | −0.168% | $987K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.80 | −0.245% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.20 | −0.041% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.29 | +0.004% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 196.27 | −0.003% | $379K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.26 | −0.010% | $187K | $421K | 20x | as long as short |
| edgeX COINUSDC | +0.0146% | 4h | 195.88 | −0.206% | $51K | $296K | 10x | as long as short |
Gate COIN_USDT
Bitget COINUSDT
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC