Funding you earn now, next payment 10:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.068%
Price spread now: Bitget against QFEX−0.394%7-day average +0.375% · 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−$394as in the Price arb table
costs, in and out, $10k−$3173.168% of the position
Funding, last 4 days (all we have)−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.394%, 7d avg +0.375%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.769% cheaper against QFEX than usual: you would sell low and buy high (−$77 if the spread goes back to its 7-day average of +0.375%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX FWDI-USD | 8.1200 | 0 | get 0.0000% / 1h | 18m 02s | $1.2M | $322K | 10x |
| Short | Bitget FWDIUSDT | 8.0880 | −0.0139 | pay 0.0139% / 8h | 6h 18m | $430K | $130K | 5x |
QFEX FWDI-USD
Bitget FWDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$29.19
- Price spread: −0.394% → +0.375%
- −$76.93
- Slippage, 4 orders
- −$294.83
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$422.96
- Costs to cover
- 3.168%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 1 min ago; Bitget: live order book, 29 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, 1 min ago | 6.15 bp | 60.0 bp −$60 | 62.4 bp −$624 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 29 min ago | 12.98 bp | 67.1 bp −$67 | 99.4 bp −$994 | 346.9 bp −$34.7K | doesn't fit |
FWDI on 7 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX FWDI-USDT-SWAP | −0.0475% | 8h | 8.1050 | −0.185% | $319K | $224K | 10x | as long as short |
| Binance FWDIUSDT | −0.0253% | 8h | 8.0952 | −0.306% | $451K | $1.5M | 10x | as long as short |
| Bitget FWDIUSDTshort | −0.0139% | 8h | 8.0880 | −0.394% | $430K | $130K | 5x | |
| Bybit FWDIUSDT | 0.0000% | 8h | 8.0930 | −0.333% | $350K | $283K | 25x | as long as short |
| QFEX FWDI-USDlong | 0.0000% | 1h | 8.1200 | long leg | $1.2M | $322K | 10x | |
| Variational Omni FWDI | 0.0000% | 8h | 8.0948 | −0.310% | $114K | $57K | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0940 | −0.320% | $7K | $62K | 10x | as long as short |
OKX FWDI-USDT-SWAP
Binance FWDIUSDT
Bybit FWDIUSDT
Variational Omni FWDI
HTX FWDI-USDT