Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.3% APRpaid last 24h −0.030%
Price spread now: QFEX against KuCoin+0.040%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1811.808% of the position
Funding, last 4 days (all we have)−0.081%−$8 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.040%, 7d avg −0.028%
=The price spread pays, funding is against you. QFEX is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.028%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 197.64 | 0.0100 | pay 0.0100% / 8h | 5h 28m | $995K | $143K | 20x |
| Short | QFEX COIN-USD | 197.72 | 0.0016 | get 0.0002% / 1h | 28m 18s | $1.3M | $3.4M | 10x |
KuCoin COINUSDTM
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$17.74
- Price spread: +0.040% → −0.028%
- $6.82
- Slippage, 4 orders
- −$158.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$191.72
- Costs to cover
- 1.808%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; QFEX: live order book, 5 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 KuCoin live order book, 6 min ago | 18.24 bp | 88.7 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.77 bp | 6.9 bp −$7 | 9.0 bp −$90 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0757% | 8h | 197.88 | +0.121% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.42 | −0.111% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0189% | 8h | 197.83 | +0.096% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0090% | 1h | 197.29 | −0.177% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.82 | +0.093% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.75 | +0.055% | $117K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.81 | +0.086% | $15.0M | $78.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.85 | +0.106% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.86 | +0.111% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.92 | +0.144% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.91 | +0.137% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0016% | 1h | 197.72 | +0.040% | $1.3M | $3.4M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.80 | +0.080% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.78 | +0.071% | $452K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.91 | +0.137% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.79 | +0.076% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.71 | +0.035% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.80 | +0.081% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.69 | +0.025% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 197.64 | long leg | $995K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.98 | +0.172% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.75 | +0.056% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.77 | +0.064% | $117 | — | 10x | as long as short |
| edgeX COINUSDC | +0.0111% | 4h | 197.62 | −0.010% | $51K | $295K | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.84 | +0.101% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.56 | −0.040% | $5K | $281K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
edgeX COINUSDC
BloFin COIN-USDT
Phoenix COIN