Funding you earn now, next payment 06:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.057%
Price spread now: QFEX against Binance+0.544%7-day average −0.469% · 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−$334as in the Price arb table
costs, in and out, $10k−$4354.353% of the position
Funding, last 4 days (all we have)−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)−1.069%−$107 · spread now +0.544%, 7d avg −0.469%
=The price spread pays, funding is against you. QFEX is 1.012% dearer against Binance than usual: you sell high and buy low (spread +0.544% now, against its 7-day average of −0.469%): +$101 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 4 days (−0.130% in total) that is about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HUTUSDT | 102.99 | 0.0239 | pay 0.0239% / 8h | 2h 51m | $188K | $1.6M | 20x |
| Short | QFEX HUT-USD | 103.55 | −0.0011 | pay 0.0001% / 1h | 51m 23s | $1.9M | $1.3M | 10x |
Binance HUTUSDT
QFEX HUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$52.5
- Price spread: +0.544% → −0.469%
- $101.23
- Slippage, 4 orders
- −$415.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$386.58
- Costs to cover
- 4.353%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; QFEX: live order book, 6 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 Binance live order book, 12 min ago | 8.73 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 78.24 bp | 168.5 bp −$168 | 170.5 bp −$1,705 | doesn't fit | doesn't fit |
HUT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX HUT-USDshort | −0.0011% | 1h | 103.55 | +0.544% | $1.9M | $1.3M | 10x | |
| Bybit HUTUSDT | 0.0000% | 8h | 102.97 | −0.019% | $18K | $94K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.00 | +0.010% | $38K | $1.1M | 20x | as long as short |
| Gate HUT_USDT | 0.0000% | 8h | 103.11 | +0.116% | $25K | $29K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.03 | +0.039% | $55K | $153K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.73 | +0.718% | — | $162.8M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 102.99 | 0.000% | $2K | $349K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 103.03 | +0.039% | $107K | $128K | 10x | as long as short |
| Binance HUTUSDTlong | +0.0239% | 8h | 102.99 | long leg | $188K | $1.6M | 20x | |
| BloFin HUT-USDT | +0.0240% | 8h | 103.13 | +0.136% | — | $29K | 20x | as long as short |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
BloFin HUT-USDT