Funding you earn now, next payment 08:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h −0.001%
Price spread now: OKX against QFEX−0.075%7-day average +0.249% · 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−$590as in the Price arb table
costs, in and out, $10k−$5585.581% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.075%, 7d avg +0.249%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.324% cheaper against QFEX than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.249%). Swap the legs.
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 | QFEX FWDI-USD | 8.0100 | 0.0050 | pay 0.0006% / 1h | 5m 25s | $1.1M | $351K | 10x |
| Short | OKX FWDI-USDT-SWAP | 8.0040 | −0.0266 | pay 0.0266% / 8h | 5m 25s | $316K | $240K | 10x |
QFEX FWDI-USD
OKX FWDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$66.47
- Price spread: −0.075% → +0.249%
- −$32.38
- Slippage, 4 orders
- −$538.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$656.93
- Costs to cover
- 5.581%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 30 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, 5 min ago | 80.69 bp | 158.3 bp −$158 | 176.6 bp −$1,766 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 4.98 bp | 101.1 bp −$101 | doesn't fit | 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 | −0.0692% | 8h | 8.0400 | +0.375% | $428K | $182K | 5x | as long as short |
| OKX FWDI-USDT-SWAPshort | −0.0266% | 8h | 8.0040 | −0.075% | $316K | $240K | 10x | |
| Binance FWDIUSDT | −0.0264% | 8h | 8.0312 | +0.265% | $449K | $1.5M | 10x | as long as short |
| Bybit FWDIUSDT | 0.0000% | 8h | 8.0280 | +0.225% | $357K | $299K | 25x | as long as short |
| Variational Omni FWDI | 0.0000% | 8h | 8.0574 | +0.592% | $114K | $955 | — | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0330 | +0.287% | $7K | $63K | 10x | as long as short |
| QFEX FWDI-USDlong | +0.0050% | 1h | 8.0100 | long leg | $1.1M | $351K | 10x |
Bitget FWDIUSDT
Binance FWDIUSDT
Bybit FWDIUSDT
Variational Omni FWDI
HTX FWDI-USDT