Funding you earn now, next payment 06:00 UTC+0.0460%/8h= +50.3% APRpaid last 24h +0.001%
Price spread now: QFEX against OKX+0.174%7-day average −0.257% · 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−$244as in the Price arb table
costs, in and out, $10k−$2882.875% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.174%, 7d avg −0.257%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and QFEX is 0.430% dearer against OKX than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.257%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.001% in total (about 0.1% 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 | OKX FWDI-USDT-SWAP | 8.0560 | −0.0460 | get 0.0460% / 8h | 2h 11m | $320K | $247K | 10x |
| Short | QFEX FWDI-USD | 8.0700 | 0 | get 0.0000% / 1h | 11m 09s | $1.1M | $385K | 10x |
OKX FWDI-USDT-SWAP
QFEX FWDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against OKX. 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
- $96.56
- Price spread: +0.174% → −0.257%
- $43.03
- Slippage, 4 orders
- −$267.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$147.9
- Costs to cover
- 2.875%
- Break-even
- 17.7 days
Slippage from OKX: live order book, 34 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 OKX live order book, 34 min ago | 8.09 bp | 97.2 bp −$97 | doesn't fit | 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 | +0.112% | $429K | $177K | 5x | as long as short |
| Binance FWDIUSDT | −0.0531% | 8h | 8.0616 | +0.069% | $454K | $1.7M | 10x | as long as short |
| OKX FWDI-USDT-SWAPlong | −0.0460% | 8h | 8.0560 | long leg | $320K | $247K | 10x | |
| Variational Omni FWDI | −0.0268% | 8h | 8.0522 | −0.048% | $114K | $94K | — | as long as short |
| Bybit FWDIUSDT | −0.0217% | 8h | 8.0650 | +0.112% | $363K | $304K | 25x | as long as short |
| QFEX FWDI-USDshort | 0.0000% | 1h | 8.0700 | +0.174% | $1.1M | $385K | 10x | |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0650 | +0.112% | $7K | $62K | 10x | as long as short |
Bitget FWDIUSDT
Binance FWDIUSDT
Variational Omni FWDI
Bybit FWDIUSDT
HTX FWDI-USDT