Funding you earn now, next payment 03:00 UTC+0.0375%/8h= +41.1% APRnext payment +$0.47 per $10,000 · paid last 24h +0.003%
Price spread now: tradeXYZ against QFEX−0.430%49s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2622.622% of the position
Funding, last 4 days (all we have)+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.519%+$52 · spread now −0.430%, 7d avg −0.032%
=Together, before fees+0.610%+ Points / potential airdroptradeXYZ: Active · farm board+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.398% cheaper against QFEX than usual: you would sell low and buy high (spread −0.430% now, against its 7-day average of −0.032%). If the spread goes back, that is −$40 on $10k: about 3.5 days of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.091% in total) that is about 15 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.091% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX EBAY-USD | 109.26 | 0 | get 0.0000% / 1h | 1m 47s | $1.1M | $3.1M | 10x |
| Short | tradeXYZ xyz:EBAY | 108.79 | 0.0375 | get 0.0047% / 1h | 1m 47s | $305K | $77K | 10x |
QFEX EBAY-USD
tradeXYZ xyz:EBAYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against QFEX. 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
- $78.8
- Price spread: −0.430% → −0.032%
- −$39.84
- Slippage, 4 orders
- −$234.2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$223.24
- Costs to cover
- 2.622%
- Break-even
- 26.8 days
Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 34 min ago.
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 QFEX live order book, 6 min ago | 45.50 bp | 137.3 bp −$137 | 140.1 bp −$1,401 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 34 min ago | 7.81 bp | 39.4 bp −$39 | 84.0 bp −$840 | doesn't fit | doesn't fit |
EBAY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EBAYUSDT | 0.0000% | 8h | 108.53 | −0.668% | $4K | $936 | 20x | as long as short |
| Binance EBAYUSDT | 0.0000% | 8h | 108.83 | −0.394% | $256K | $389K | 20x | as long as short |
| Bybit EBAYUSDT | 0.0000% | 8h | 108.71 | −0.503% | $41K | $14K | 25x | as long as short |
| QFEX EBAY-USDlong | 0.0000% | 1h | 109.26 | long leg | $1.1M | $3.1M | 10x | |
| Gate EBAY_USDT | 0.0000% | 8h | 108.76 | −0.458% | $147K | $3K | 20x | as long as short |
| Variational Omni EBAY | 0.0000% | 8h | 108.77 | −0.450% | $15K | $55K | — | as long as short |
| SunX EBAY-USDT | 0.0000% | 8h | 108.79 | −0.430% | $1K | $992K | 10x | as long as short |
| HTX EBAY-USDT | 0.0000% | 8h | 108.79 | −0.430% | $6K | $3K | 10x | as long as short |
| tradeXYZ xyz:EBAYshort | +0.0375% | 1h | 108.79 | −0.430% | $305K | $77K | 10x |
Aster EBAYUSDT
Binance EBAYUSDT
Bybit EBAYUSDT
Gate EBAY_USDT
Variational Omni EBAY
SunX EBAY-USDT
HTX EBAY-USDT