Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h +0.001%
Price spread now: Bybit against QFEX+0.061%7-day average +0.061% · 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−$37as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now +0.061%, 7d avg +0.061%
=The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 197.40 | 0.0028 | pay 0.0003% / 1h | 20m 10s | $1.3M | $3.6M | 10x |
| Short | Bybit COINUSDT | 197.52 | 0 | get 0.0000% / 8h | 6h 20m | $4.9M | $5.9M | 50x |
QFEX COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.8
- Price spread: +0.061% → +0.061%
- −$0.03
- Slippage, 4 orders
- −$15.67
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.49
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 1.26 bp | 6.3 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.77 bp | 11.0 bp −$11 | 35.9 bp −$359 | 162.7 bp −$16.3K | doesn't fit |
COIN on 25 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 | −0.0501% | 8h | 197.63 | +0.117% | $6.5M | $10.1M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.72 | +0.162% | $44K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0039% | 1h | 197.07 | −0.167% | — | $291K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.66 | +0.134% | $365K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.47 | +0.035% | $117K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.51 | +0.058% | $14.8M | $77.8M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.52 | +0.061% | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.57 | +0.086% | $3.1M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.48 | +0.041% | $1.2M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.75 | +0.177% | $819K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.03 | +0.318% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0028% | 1h | 197.40 | long leg | $1.3M | $3.6M | 10x | |
| edgeX COINUSDC | +0.0032% | 4h | 197.98 | +0.295% | $51K | $294K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.46 | +0.030% | $389K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.45 | +0.025% | $436K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.99 | +0.299% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.52 | +0.061% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.36 | −0.020% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.49 | +0.046% | $99 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.51 | +0.056% | $351K | $3.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.52 | +0.061% | $995K | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.97 | +0.289% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.46 | +0.030% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.45 | +0.023% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.08 | +0.344% | $5K | $251K | 10x | as long as short |
GRVT COIN_USDT_Perp
edgeX COINUSDC
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
Phoenix COIN