Funding you earn now, next payment 04:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h −0.008%
Price spread now: QFEX against tradeXYZ+0.544%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$515as in the Price arb table
costs, in and out, $10k−$5665.659% of the position
Funding, last 4 days (all we have)−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.619%−$62 · spread now +0.544%, 7d avg +0.036%
=Together, before fees−0.715%+ Points / potential airdroptradeXYZ: Active · farm board−$71 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and QFEX is 0.507% dearer against tradeXYZ than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 4 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.096% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 | tradeXYZ xyz:EBAY | 108.52 | −0.0293 | get 0.0037% / 1h | 9m 09s | $304K | $77K | 10x |
| Short | QFEX EBAY-USD | 109.11 | 0 | get 0.0000% / 1h | 9m 09s | $1.1M | $3.4M | 10x |
tradeXYZ xyz:EBAY
QFEX EBAY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- $61.49
- Price spread: +0.544% → +0.036%
- $50.72
- Slippage, 4 orders
- −$537.91
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$453.69
- Costs to cover
- 5.659%
- Break-even
- 58.6 days
Slippage from tradeXYZ: live order book, 17 min ago; QFEX: live order book, 4 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 tradeXYZ live order book, 17 min ago | 8.76 bp | 46.4 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 154.54 bp | 311.4 bp −$311 | 316.9 bp −$3,169 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EBAYlong | −0.0293% | 1h | 108.52 | long leg | $304K | $77K | 10x | |
| Aster EBAYUSDT | 0.0000% | 8h | 108.24 | −0.259% | $4K | $936 | 20x | as long as short |
| Binance EBAYUSDT | 0.0000% | 8h | 108.52 | +0.002% | $255K | $392K | 20x | as long as short |
| Bybit EBAYUSDT | 0.0000% | 8h | 108.38 | −0.129% | $41K | $14K | 25x | as long as short |
| QFEX EBAY-USDshort | 0.0000% | 1h | 109.11 | +0.544% | $1.1M | $3.4M | 10x | |
| Gate EBAY_USDT | 0.0000% | 8h | 108.50 | −0.018% | $147K | $3K | 20x | as long as short |
| Variational Omni EBAY | 0.0000% | 8h | 108.51 | −0.013% | $15K | $55K | — | as long as short |
| SunX EBAY-USDT | 0.0000% | 8h | 108.54 | +0.018% | $1K | $995K | 10x | as long as short |
| HTX EBAY-USDT | 0.0000% | 8h | 108.30 | −0.203% | $6K | $3K | 10x | as long as short |
Aster EBAYUSDT
Binance EBAYUSDT
Bybit EBAYUSDT
Gate EBAY_USDT
Variational Omni EBAY
SunX EBAY-USDT
HTX EBAY-USDT