Funding you earn now, next payment 05:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h +0.003%
Price spread now: QFEX against Vest+0.280%7-day average −0.131% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.280%, 7d avg −0.131%
=Together, before fees−0.324%+ Points / potential airdropVest: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and QFEX is 0.411% dearer against Vest than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.131%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest COIN-USD-PERP | 196.45 | −0.0111 | get 0.0014% / 1h | 45m 45s | — | $266K | 25x |
| Short | QFEX COIN-USD | 197.00 | 0.0020 | get 0.0002% / 1h | 45m 45s | $1.3M | $3.2M | 10x |
Vest COIN-USD-PERP
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Vest. 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
- $27.45
- Price spread: +0.280% → −0.131%
- $41.14
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $56.59
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; QFEX: live order book, 7 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 7 min ago | 1.77 bp | 6.8 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0677% | 8h | 197.11 | +0.336% | $6.2M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.96 | +0.260% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0220% | 8h | 197.07 | +0.316% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERPlong | −0.0111% | 1h | 196.45 | long leg | — | $266K | 25x | |
| Aster COINUSDT | 0.0000% | 8h | 197.29 | +0.426% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.91 | +0.233% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.98 | +0.268% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.00 | +0.280% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.07 | +0.316% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.02 | +0.290% | $685K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
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 | 197.03 | +0.293% | $14K | $2.3M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0020% | 1h | 197.00 | +0.280% | $1.3M | $3.2M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.99 | +0.275% | $451K | $1.5M | 10x | as long as short |
| edgeX COINUSDC | +0.0038% | 4h | 197.03 | +0.293% | $51K | $295K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.19 | +0.377% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.91 | +0.234% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.92 | +0.239% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.00 | +0.280% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.89 | +0.224% | $353K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.03 | +0.295% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.82 | +0.188% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.03 | +0.295% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.00 | +0.279% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.02 | +0.290% | $187K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 197.05 | +0.305% | $5K | $283K | 10x | as long as short |
| Lighter COIN | +0.0176% | 1h | 196.97 | +0.267% | $340K | $2.0M | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
edgeX COINUSDC
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
BloFin COIN-USDT
Phoenix COIN
Lighter COIN