Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 461.38 | +0.0096 | pay 0.0096% / 8h | 3h 56m | $1.2M | $1.5M | 50x | Long Gate | |
| SHORT | 459.48 | 0 | 0.0000% / 1h | 56m 51s | $1.5M | $92K | 10x | Short QFEX10% back |
Price gap−0.412%48s
Funding gap−0.0096% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.286% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0096% /8h now · paid −0.055% over the last 7D
Price—spread −0.412%48s now · prices read too far apart to compare
Costs−$2812.807% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.412%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hDELL on 25 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size13.7 / 175.9 bpAt $10k entering QFEX costs 175.9 bp, fee and slippage, 12.8× Gate’s.
- Note: Margin at max leverage$200 + $1,000Gate 50x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.88Long Gate: 3 payments, −$2.88; short QFEX: 24 payments, $0.00.
- Watch: Prices read 48 s apart−0.412% vs −0.126%Part of this gap may be the market moving.
- Note: Long leg is thinner$1.2M vs $1.5M OIBoth legs are deep; Gate is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · QFEX NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0026%/8h × 21 periods−$5.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$245.68
Fee Gate bp × 2 orders−$15.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$286.17
price spread not counted: prices read too far apartCosts to cover2.807%Break-evennever at this rate
Slippage: Gate: live order book, 5 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate5.2013.7 bp−$1453.0 bp−$530doesn’t fitdoesn’t fit
SELL · SHORTQFEX57.56175.9 bp−$176184.8 bp−$1,848doesn’t fitdoesn’t fit
Closing costs about the same again.
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