Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.006%
Price spread now: Binance against QFEX+0.031%7-day average +0.057% · 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−$30as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 4 days (all we have)−0.008%−$1 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.031%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.027% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 195.55 | 0.0065 | pay 0.0008% / 1h | 21m 30s | $1.3M | $2.9M | 10x |
| Short | Binance COINUSDT | 195.61 | 0.0003 | get 0.0003% / 8h | 21m 30s | $15.0M | $82.1M | 20x |
QFEX COIN-USD
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- −$13.01
- Price spread: +0.031% → +0.057%
- −$2.65
- Slippage, 4 orders
- −$7.23
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$42.9
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Binance: 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 QFEX live order book, 6 min ago | 1.28 bp | 6.3 bp −$6 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.51 bp | 7.4 bp −$7 | 13.9 bp −$139 | 53.5 bp −$5,346 | 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 | 195.62 | +0.036% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0340% | 8h | 195.70 | +0.077% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0040% | 1h | 195.07 | −0.245% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.53 | −0.012% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.59 | +0.020% | $106K | $858K | 10x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.56 | +0.005% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.54 | −0.005% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.60 | +0.026% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.62 | +0.035% | $712K | $974K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.73 | +0.092% | $22K | $2.8M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDTshort | +0.0003% | 8h | 195.61 | +0.031% | $15.0M | $82.1M | 20x | |
| BloFin COIN-USDT | +0.0013% | 8h | 195.59 | +0.020% | $188K | $435K | 20x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.51 | −0.020% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.79 | +0.123% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.35 | −0.102% | $15.1M | $12.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.48 | −0.036% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.52 | −0.015% | $87 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.21 | −0.174% | $445K | $2.8M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0065% | 1h | 195.55 | long leg | $1.3M | $2.9M | 10x | |
| Lighter COIN | +0.0080% | 1h | 195.52 | −0.015% | $361K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.44 | −0.056% | $986K | $140K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.43 | −0.061% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.50 | −0.026% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.49 | −0.032% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.38 | −0.087% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0750% | 4h | 195.48 | −0.035% | $50K | $295K | 10x | as long as short |
BloFin COIN-USDT
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC