Funding you earn now, next payment 06:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.012%
Price spread now: QFEX against Bybit+0.062%7-day average −0.096% · 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−$357as in the Price arb table
costs, in and out, $10k−$3733.725% of the position
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days−0.374%−$37 · spread now +0.062%, 7d avg −0.096%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and QFEX is 0.158% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.096%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.012% in total (about -1.2% 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 | Bybit FWDIUSDT | 8.0650 | −0.0217 | get 0.0217% / 8h | 2h 11m | $363K | $304K | 25x |
| Short | QFEX FWDI-USD | 8.0700 | 0 | get 0.0000% / 1h | 11m 17s | $1.1M | $385K | 10x |
Bybit FWDIUSDT
QFEX FWDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. 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
- $45.64
- Price spread: +0.062% → −0.096%
- $15.81
- Slippage, 4 orders
- −$351.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$311.09
- Costs to cover
- 3.725%
- Break-even
- 54.7 days
Slippage from Bybit: live order book, 33 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 Bybit live order book, 33 min ago | 7.45 bp | 125.6 bp −$126 | 237.1 bp −$2,371 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 12.41 bp | 42.1 bp −$42 | 62.5 bp −$625 | doesn't fit | doesn't fit |
FWDI on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget FWDIUSDT | −0.1100% | 8h | 8.0650 | 0.000% | $429K | $177K | 5x | as long as short |
| Binance FWDIUSDT | −0.0531% | 8h | 8.0619 | −0.038% | $454K | $1.7M | 10x | as long as short |
| OKX FWDI-USDT-SWAP | −0.0460% | 8h | 8.0560 | −0.112% | $320K | $247K | 10x | as long as short |
| Variational Omni FWDI | −0.0268% | 8h | 8.0522 | −0.159% | $114K | $94K | — | as long as short |
| Bybit FWDIUSDTlong | −0.0217% | 8h | 8.0650 | long leg | $363K | $304K | 25x | |
| QFEX FWDI-USDshort | 0.0000% | 1h | 8.0700 | +0.062% | $1.1M | $385K | 10x | |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0650 | 0.000% | $7K | $62K | 10x | as long as short |
Bitget FWDIUSDT
Binance FWDIUSDT
OKX FWDI-USDT-SWAP
Variational Omni FWDI
HTX FWDI-USDT