Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 65.680 | −0.0001 | 0.0000% / 1h | 22m 27s | $171K | $79K | 10x | Long QFEX | |
| SHORT | 65.447 | 0 | 0.0000% / 8h | 2h 22m | $105K | $160K | 20x | Short Variational Omni+15% pts |
Price gap−0.354%
Funding gap+0.0001% /8h
Funding is ≈ 0 and the gap is 0.366% under its 7d average: the price leg works against you, −$37 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0001% /8h now · paid 0.000% over the last 1 day (all we have)
Price−$37spread −0.354% now, avg +0.012% → −0.366% if it goes back
Costs−$1871.874% of $10k · taker + slippage, in and out
Result−$224−2.24%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.354%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hHPE on 12 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size23.0 / 77.7 bpAt $10k entering Variational Omni costs 77.7 bp, fee and slippage, 3.4× QFEX’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.02Long QFEX: 24 payments, +$0.02; short Variational Omni: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.354% vs +0.012%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$105K vs $171K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legQFEX No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0001%/8h × 21 periods−$0.31
Price spread−0.354% → +0.012% (7d avg)−$36.57
Slippage, 4 orderslive order books−$167.42
Fee QFEX bp × 2 orders−$20.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$224.30
Costs to cover1.874%Break-evennever at this rate
Slippage: QFEX: live order book, 21 min ago; Variational Omni: RFQ quote, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.3023.0 bp−$2329.4 bp−$294doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni11.6877.7 bp−$78137.0 bp−$1,370doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 15:29 | QFEX | Other | $HPE - Hewlett Packard Enterprise Company is now trading 24/7 @QFEX on X ↗ |
| 09-29 11:02 | QFEX | Listing | new market HPE-USD ($HPE) seen by our collector |