Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 462.90 | −0.0005 | get 0.0001% / 1h | 50m 29s | $1.5M | $94K | 10x | Long QFEX10% back | |
| SHORT | 462.50 | +0.0936 | get 0.0936% / 8h | 2h 50m | $271K | $194K | 20x | Short BloFin |
Price gap−0.086%57s
Funding gap+0.0941% /8h
Funding pays +$28 a day on $10k, but the gap is 0.229% under its 7d average: −$23 if it goes back, about 19 hours of funding. At the last 7 days' pace that is about 4.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$39+0.0941% /8h now · paid +0.390% over the last 7D
Price—spread −0.086%57s now · prices read too far apart to compare
Costs−$2162.158% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.390% in total, about +0.0186%/8h on average.
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−0.086%
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 · 5 to watch- Watch: Thin at this size138.6 / 12.3 bpAt $10k entering QFEX costs 138.6 bp, fee and slippage, 11.2× BloFin’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, BloFin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$28.22Long QFEX: 24 payments, +$0.14; short BloFin: 3 payments, +$28.08.
- Watch: Prices read 57 s apart−0.086% vs +0.142%Part of this gap may be the market moving.
- Watch: Short leg is thinner$271K vs $1.5M OIBloFin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · BloFin LimitedNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0186%/8h × 21 periods+$38.98
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$183.78
Fee QFEX bp × 2 orders−$20.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k−$176.80
price spread not counted: prices read too far apartCosts to cover2.158%Break-even38.7 days
Slippage: QFEX: live order book, 5 min ago; BloFin: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX45.56138.6 bp−$139145.8 bp−$1,458doesn’t fitdoesn’t fit
SELL · SHORTBloFin1.6212.3 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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