Funding you earn now, next payment 02:00 UTC−0.0022%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.035%
Price spread now: QFEX against tradeXYZ+0.015%7-day average +0.012% · 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−$36as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.015%, 7d avg +0.012%
=Together, before fees−0.020%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:COIN | 197.75 | 0.0050 | pay 0.0006% / 1h | 34m 06s | $15.9M | $13.4M | 10x |
| Short | QFEX COIN-USD | 197.78 | 0.0028 | get 0.0003% / 1h | 34m 06s | $1.3M | $3.7M | 10x |
tradeXYZ xyz:COIN
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$4.7
- Price spread: +0.015% → +0.012%
- $0.32
- Slippage, 4 orders
- −$8.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$41.2
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; QFEX: live order book, 4 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 tradeXYZ live order book, 4 min ago | 1.26 bp | 10.8 bp −$11 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.77 bp | 6.9 bp −$7 | 9.1 bp −$91 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.60 | −0.076% | $44K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0274% | 8h | 197.94 | +0.096% | $6.5M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0005% | 1h | 197.23 | −0.263% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.81 | +0.031% | $360K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.77 | +0.009% | $117K | $699K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.83 | +0.043% | $14.9M | $78.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.82 | +0.035% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.85 | +0.051% | $3.1M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.81 | +0.030% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.64 | −0.053% | $818K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit 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 | 197.51 | −0.122% | $17K | $2.0M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0028% | 1h | 197.78 | +0.015% | $1.3M | $3.7M | 10x | |
| Lighter COIN | +0.0032% | 1h | 197.76 | +0.006% | $390K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.75 | 0.000% | $429K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.74 | −0.005% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COINlong | +0.0050% | 1h | 197.75 | long leg | $15.9M | $13.4M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.72 | −0.015% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.76 | +0.005% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.43 | −0.162% | $350K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.72 | −0.015% | $982K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.57 | −0.091% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.80 | +0.025% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.77 | +0.008% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 197.65 | −0.051% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0344% | 4h | 197.30 | −0.226% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
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
edgeX COINUSDC