Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG89.060+0.2835pay 0.2835% / 8h54m 29s$968K$1.3M—Long BingX
SHORT89.14000.0000% / 1h54m 29s$1.7M$249K10xShort QFEX
Price gap+0.090%
Funding gap−0.2835% /8h

The gap pays +$194 on $10k if it goes back to its 7d average, but funding costs $85 a day and eats that in about 2.3 days. At the last 7 days' pace that is about 36 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$37−0.2835% /8h now · paid −0.375% over the last 7D
Price+$194spread +0.090% now, avg −1.846% → +1.936% if it goes back
Costs−$6696.686% of $10k · taker + slippage, in and out

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.375% in total, about −0.0178%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.090%
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

/8h

HUT on 13 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size42.6 / 279.1 bp
    At $10k entering QFEX costs 279.1 bp, fee and slippage, 6.5× BingX’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$85.05Long BingX: 3 payments, −$85.05; short QFEX: 24 payments, $0.00.
  • OK: Entry gap works for you+0.090% vs −1.846%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$968K vs $1.7M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · QFEX No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0178%/8h × 21 periods−$37.47
Price spread+0.090% → −1.846% (7d avg)+$193.55
Slippage, 4 orderslive order books−$638.63
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$512.55
Costs to cover6.686%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX20.7842.6 bp−$4379.6 bp−$796196.8 bp−$19.7K347.3 bp−$173.7K
SELL · SHORTQFEX253.53279.1 bp−$279279.7 bp−$2,797doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

HUT news

posts that mention HUT or Hut 8, from every exchangeSearch all news →
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