Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 461.84 | +0.0102 | pay 0.0102% / 8h | 3h 56m | $2.5M | $896K | 20x | Long OKX | |
| SHORT | 459.45 | 0 | 0.0000% / 1h | 56m 01s | $1.5M | $92K | 10x | Short QFEX10% back |
Price gap−0.517%53s
Funding gap−0.0102% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.397% 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−$5−0.0102% /8h now · paid −0.054% over the last 7D
Price—spread −0.517%53s now · prices read too far apart to compare
Costs−$2792.790% 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−0.517%
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 size17.1 / 175.9 bpAt $10k entering QFEX costs 175.9 bp, fee and slippage, 10.3× OKX’s.
- Note: Margin at max leverage$500 + $1,000OKX 20x, 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: −$3.05Long OKX: 3 payments, −$3.05; short QFEX: 24 payments, $0.00.
- Watch: Prices read 53 s apart−0.517% vs −0.120%Part of this gap may be the market moving.
- Note: Short leg is thinner$1.5M vs $2.5M OIBoth legs are deep; QFEX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Yes · QFEX NoAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0026%/8h × 21 periods−$5.41
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$248.96
Fee OKX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$284.38
price spread not counted: prices read too far apartCosts to cover2.790%Break-evennever at this rate
Slippage: OKX: live order book, 1 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX3.9017.1 bp−$1759.4 bp−$594doesn’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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