EBAY

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXEBAY-USD	120.69	−0.0003	0.0000% / 1h	8m 10s	$1.1M	$903K	10x	Long QFEX10% back
SHORT	MEXCEBAYSTOCK_USDT	120.83	0	0.0000% / 8h	1h 08m	$613K	$105K	50x	Short MEXC

Price gap+0.116%

Funding gap+0.0003% /8h

Funding is ≈ 0, so this is a price-spread trade: +$10 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$10+0.0003% /8h now · paid −0.099% over the last 7D

Price+$10spread +0.116% now, avg +0.020% → +0.096% if it goes back

Costs−$580.577% of $10k · taker + slippage, in and out

Result−$58−0.58%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.116%

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

/8h

EBAY on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size16.6 / 11.6 bp
At $10k entering QFEX costs 16.6 bp, fee and slippage, 1.4× MEXC’s.
Note: Margin at max leverage$1,000 + $200
QFEX 10x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.09Long QFEX: 24 payments, +$0.09; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.116% vs +0.020%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$613K vs $1.1M OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0047%/8h × 21 periods−$9.87

Price spread+0.116% → +0.020% (7d avg)+$9.58

Slippage, 4 orderslive order books−$33.67

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$57.96

Costs to cover0.577%Break-evennever at this rate

Slippage: QFEX: live order book, 6 min ago; MEXC: live order book, 41 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX4.9716.6 bp−$1717.0 bp−$170doesn’t fitdoesn’t fit

SELL · SHORTMEXC4.1311.6 bp−$1215.3 bp−$153188.7 bp−$18.9Kdoesn’t fit

Closing costs about the same again.