Funding you earn now, next payment 03:00 UTC+0.0493%/8h= +54.0% APRpaid last 24h +0.114%
Price spread now: Binance against QFEX+0.034%7-day average −0.075% · 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−$116as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
Funding, last 4 days (all we have)+0.109%+$11 on $10k
+Price spread, last 2 days (all we have)−0.145%−$14 · spread now +0.034%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.109% dearer against QFEX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.109% in total (about 11.3% a year). A funding rate is set anew for every payment. 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 FLEX-USD | 111.97 | 0.0038 | pay 0.0005% / 1h | 40m 36s | $1.1M | $2.3M | 10x |
| Short | Binance FLEXUSDT | 112.01 | 0.0531 | get 0.0531% / 8h | 5h 40m | $304K | $196K | 25x |
QFEX FLEX-USD
Binance FLEXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $103.57
- Price spread: +0.034% → −0.075%
- $10.87
- Slippage, 4 orders
- −$106.91
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.47
- Costs to cover
- 1.269%
- Break-even
- 7.8 days
Slippage from QFEX: live order book, 2 min ago; Binance: live order book, 36 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, 2 min ago | 10.72 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 36 min ago | 11.16 bp | 30.6 bp −$31 | 178.3 bp −$1,783 | doesn't fit | doesn't fit |
FLEX on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FLEXUSDT | 0.0000% | 8h | 112.03 | +0.054% | $127K | $263K | 25x | as long as short |
| Gate FLEX_USDT | 0.0000% | 8h | 112.10 | +0.116% | $185K | $129K | 20x | as long as short |
| Bitget FLEXUSDT | 0.0000% | 8h | 112.03 | +0.054% | $88K | $13K | 20x | as long as short |
| QFEX FLEX-USDlong | +0.0038% | 1h | 111.97 | long leg | $1.1M | $2.3M | 10x | |
| HTX FLEX-USDT | +0.0100% | 8h | 112.01 | +0.036% | $3K | $13K | 10x | as long as short |
| Binance FLEXUSDTshort | +0.0531% | 8h | 112.01 | +0.034% | $304K | $196K | 25x |
Bybit FLEXUSDT
Gate FLEX_USDT
Bitget FLEXUSDT
HTX FLEX-USDT