Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 65.349 | 0 | 0.0000% / 8h | 2h 58m | $105K | $185K | 20x | Long Variational Omni+15% pts | |
| SHORT | 65.380 | +0.0030 | get 0.0004% / 1h | 58m 32s | $168K | $78K | 10x | Short QFEX |
Price gap+0.048%
Funding gap+0.0030% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.065% above its 7d average: +$6 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0030% /8h now · paid 0.000% over the last 1 day (all we have)
Price+$6spread +0.048% now, avg −0.016% → +0.065% if it goes back
Costs−$1981.975% of $10k · taker + slippage, in and out
Result−$191−1.91%+ 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+0.048%
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
3 ok · 3 to watch- Watch: Thin at this size63.7 / 27.2 bpAt $10k entering Variational Omni costs 63.7 bp, fee and slippage, 2.3× QFEX’s.
- Note: Margin at max leverage$500 + $1,000Variational Omni 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.91Long Variational Omni: 3 payments, $0.00; short QFEX: 24 payments, +$0.91.
- OK: Entry gap works for you+0.048% vs −0.016%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$105K vs $168K 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 legVariational Omni No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods+$0.07
Price spread+0.048% → −0.016% (7d avg)+$6.46
Slippage, 4 orderslive order books−$177.53
Fee Variational Omni bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$191.00
Costs to cover1.975%Break-even19360.4 days
Slippage: Variational Omni: RFQ quote, 9 min ago; QFEX: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni11.6863.7 bp−$64107.5 bp−$1,075doesn’t fitdoesn’t fit
SELL · SHORTQFEX3.1227.2 bp−$2734.7 bp−$347doesn’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 |