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Funding arb · Price arb /

COIN

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.026%
Price spread now: OKX against QFEX+0.035%7-day average +0.051% · 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−$39as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Long on QFEXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.035%, 7d avg +0.051%
Together, before fees−0.039%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX COIN-USD202.270.0032pay 0.0004% / 1h46m 24s$1.4M$3.9M10x
ShortOKX COIN-USDT-SWAP202.340get 0.0000% / 8h46m 24s$3.3M$4.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$6.69
Price spread: +0.035% → +0.051%
−$1.67
Slippage, 4 orders
−$17.09
Fee QFEX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$45.44
Costs to cover
0.371%
Break-even
never at this rate
Slippage from QFEX: live order book, 7 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 7 min ago2.22 bp7.2 bp −$78.5 bp −$85doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago0.99 bp10.2 bp −$1017.9 bp −$179doesn't fitdoesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COIN/USDC PERP−0.0440%1h202.13−0.069%$45K$49K30xas long as short
Aster COINUSDT0.0000%8h202.24−0.014%$371K$839K20xas long as short
Extended COIN_24_5-USD0.0000%1h202.270.000%$119K$446K10xas long as short
Binance COINUSDT0.0000%8h202.32+0.025%$15.7M$76.6M20xas long as short
Bybit COINUSDT0.0000%8h202.36+0.044%$5.0M$5.9M50xas long as short
OKX COIN-USDT-SWAPshort0.0000%8h202.34+0.035%$3.3M$4.7M20x
Gate COIN_USDT0.0000%8h202.31+0.020%$1.3M$7.0M50xas long as short
Variational Omni COIN0.0000%8h202.18−0.045%$840K$1.1M—as long as short
GRVT COIN_USDT_Perp0.0000%8h202.21−0.030%$21K$2.0M10xas long as short
Bitget COINUSDT+0.0008%8h202.30+0.015%$6.9M$10.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX COINUSDC+0.0011%4h202.19−0.039%$52K$294K10xas long as short
QFEX COIN-USDlong+0.0032%1h202.27long leg$1.4M$3.9M10x
Lighter RH COIN+0.0032%1h202.30+0.015%$434K$1.8M10xas long as short
Arcus COIN-USD+0.0040%1h202.26−0.005%$16K$55K5xas long as short
Vest COIN-USD-PERP+0.0046%1h202.17−0.049%—$513K25xas long as short
Polymarket Perps COIN-USD+0.0050%1h202.21−0.030%$140K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h202.24−0.015%$80$3K10xas long as short
Ondo Perps COIN-USD.P+0.0050%1h202.05−0.109%$367K$3.3M10xas long as short
KuCoin COINUSDTM+0.0100%8h202.16−0.054%$1.0M$141K20xas long as short
ApeX Omni COINUSDT+0.0100%1h202.12−0.074%$91K$334K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h202.30+0.015%$585$4K10xas long as short
Aevo COIN-PERP+0.0104%1h202.31+0.020%$119—10xas long as short
BloFin COIN-USDT+0.0120%8h202.32+0.025%$155K$342K20xas long as short
Lighter COIN+0.0216%1h202.32+0.026%$375K$2.0M10xas long as short
Phoenix COIN+0.0238%1h202.29+0.010%$5K$279K10xas long as short
tradeXYZ xyz:COIN+0.0283%1h202.28+0.005%$16.5M$13.1M10xas long as short