Funding you earn now, next payment 12:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.020%
Price spread now: tradeXYZ against QFEX−0.050%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Funding, last 4 days (all we have)+0.058%+$6 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.050%, 7d avg −0.012%
=Together, before fees+0.131%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against QFEX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 7.6 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.058% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 198.89 | 0.0033 | pay 0.0004% / 1h | 56m 13s | $1.3M | $2.5M | 10x |
| Short | tradeXYZ xyz:COIN | 198.79 | 0.0050 | get 0.0006% / 1h | 56m 13s | $14.7M | $11.1M | 10x |
QFEX COIN-USD
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.56
- Price spread: −0.050% → −0.012%
- −$3.87
- Slippage, 4 orders
- −$7.67
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$35.98
- Costs to cover
- 0.357%
- Break-even
- 77.7 days
Slippage from QFEX: live order book, 5 min ago; tradeXYZ: 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, 5 min ago | 1.51 bp | 6.7 bp −$7 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.75 bp | 11.4 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | 197.59 | −0.654% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.77 | −0.059% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.92 | +0.017% | $105K | $876K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.97 | +0.040% | $14.7M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.94 | +0.025% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.02 | +0.065% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.00 | +0.055% | $1.2M | $6.1M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.11 | +0.111% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.82 | −0.034% | $785K | $901K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.82 | −0.035% | $22K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.86 | −0.016% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.86 | −0.015% | $484K | $1.1M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0033% | 1h | 198.89 | long leg | $1.3M | $2.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 199.07 | +0.091% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.81 | −0.040% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 198.79 | −0.050% | $14.7M | $11.1M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.75 | −0.070% | $119K | $1.2M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.61 | −0.141% | $324K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.77 | −0.060% | $5K | $268K | 10x | as long as short |
| SoDEX COIN-USD | +0.0082% | 1h | 198.93 | +0.020% | $88 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.83 | −0.030% | $938K | $255K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.62 | −0.136% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.81 | −0.040% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.93 | +0.018% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.09 | +0.101% | $195K | $482K | 20x | as long as short |
| edgeX COINUSDC | +0.0252% | 4h | 198.70 | −0.096% | $51K | $292K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC