Funding you earn now, next payment 01:00 UTC+0.0461%/8h= +50.5% APRnext payment +$0.58 per $10,000 · paid last 24h +0.134%
Price spread now: QFEX against Injective−0.025%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. QFEX is 0.025% cheaper against Injective than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective COIN/USDC PERP | 201.58 | −0.0440 | get 0.0055% / 1h | 33m 20s | $44K | $48K | 30x |
| Short | QFEX COIN-USD | 201.53 | 0.0021 | get 0.0003% / 1h | 33m 20s | $1.4M | $3.8M | 10x |
Injective COIN/USDC PERP
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- $96.85
- Price spread: −0.025% → 0.000%
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $84.35
- Costs to cover
- 0.100%
- Break-even
- 0.9 days
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 1.49 bp | 6.5 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | −0.0440% | 1h | 201.58 | long leg | $44K | $48K | 30x | |
| Aster COINUSDT | 0.0000% | 8h | 201.52 | −0.028% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.43 | −0.074% | $119K | $794K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.47 | −0.056% | $15.8M | $75.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.52 | −0.030% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.59 | +0.005% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.58 | 0.000% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.60 | +0.010% | $6.9M | $9.2M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.58 | +0.002% | $838K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.54 | −0.020% | $14K | $2.0M | 10x | as long as short |
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USDshort | +0.0021% | 1h | 201.53 | −0.025% | $1.4M | $3.8M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.48 | −0.050% | $433K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.030% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.34 | −0.119% | — | $290K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.43 | −0.074% | $16.5M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.42 | −0.079% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.57 | −0.005% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.45 | −0.064% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.66 | +0.040% | $1.0M | $135K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.47 | −0.055% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.47 | −0.055% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.39 | −0.092% | $119 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 201.53 | −0.024% | $375K | $1.8M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.58 | 0.000% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.53 | −0.025% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0611% | 4h | 201.54 | −0.019% | $52K | $294K | 10x | as long as short |
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC