Funding you earn now, next payment 06:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.053%
Price spread now: Gate against QFEX+0.020%7-day average +0.067% · 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−$47as 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+0.051%+$5 · spread now +0.020%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.047% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 196.18 | 0.0038 | pay 0.0005% / 1h | 12m 45s | $1.3M | $3.0M | 10x |
| Short | Gate COIN_USDT | 196.22 | −0.0080 | pay 0.0080% / 8h | 2h 12m | $1.2M | $7.4M | 50x |
QFEX COIN-USD
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$24.76
- Price spread: +0.020% → +0.067%
- −$4.65
- Slippage, 4 orders
- −$16.94
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$71.36
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago | 1.79 bp | 6.8 bp −$7 | 7.3 bp −$73 | 19.0 bp −$1,897 | doesn't fit |
| Sell Gate live order book, 1 min ago | 4.59 bp | 15.2 bp −$15 | 36.6 bp −$366 | 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 | −0.0853% | 8h | 196.40 | +0.112% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.88 | −0.153% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0112% | 1h | 195.53 | −0.331% | — | $289K | 25x | as long as short |
| Gate COIN_USDTshort | −0.0080% | 8h | 196.22 | +0.020% | $1.2M | $7.4M | 50x | |
| Aster COINUSDT | 0.0000% | 8h | 195.96 | −0.111% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.18 | −0.003% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.25 | +0.034% | $15.1M | $82.5M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.22 | +0.020% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.21 | +0.015% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.78 | −0.203% | $711K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 195.99 | −0.097% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.15 | −0.015% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0038% | 1h | 196.18 | long leg | $1.3M | $3.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.97 | −0.107% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.13 | −0.025% | $15.2M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.12 | −0.031% | $128K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.19 | +0.005% | $96 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.224% | $449K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.83 | −0.178% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.88 | −0.153% | $987K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.80 | −0.194% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.15 | −0.015% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.23 | +0.026% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 196.22 | +0.022% | $379K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.26 | +0.041% | $187K | $421K | 20x | as long as short |
| edgeX COINUSDC | +0.0146% | 4h | 195.88 | −0.155% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC