Funding you earn now, next payment 09:00 UTC+0.1685%/8h= +184.5% APRpaid last 24h −0.084%
Price spread now: Bybit against QFEX+0.286%7-day average +0.065% · 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−$17as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.286%, 7d avg +0.065%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Bybit is 0.221% dearer against QFEX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.065%. Mind the row above: over the last 4 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.085% in total (about -8.2% 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 IBIT-USD | 48.880 | 0 | get 0.0000% / 1h | 3m 54s | $1.2M | $5.5M | 10x |
| Short | Bybit IBITUSDT | 49.020 | 0.1685 | get 0.1685% / 8h | 7h 03m | $237K | $871K | 25x |
QFEX IBIT-USD
Bybit IBITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $353.91
- Price spread: +0.286% → +0.065%
- $22.15
- Slippage, 4 orders
- −$18.13
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $336.93
- Costs to cover
- 0.391%
- Break-even
- 0.3 days
Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 26 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 | 1.02 bp | 9.9 bp −$10 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 4.12 bp | 9.6 bp −$10 | 18.8 bp −$188 | doesn't fit | doesn't fit |
IBIT on 5 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 IBIT-USDlong | 0.0000% | 1h | 48.880 | long leg | $1.2M | $5.5M | 10x | |
| Gate IBIT_USDT | 0.0000% | 8h | 48.870 | −0.020% | $95K | $21K | 20x | as long as short |
| Bitget IBITUSDT | 0.0000% | 8h | 48.890 | +0.020% | $26K | $86K | 20x | as long as short |
| HTX IBIT-USDT | 0.0000% | 8h | 48.760 | −0.245% | $1K | $28K | 20x | as long as short |
| Bybit IBITUSDTshort | +0.1685% | 8h | 49.020 | +0.286% | $237K | $871K | 25x |
Gate IBIT_USDT
Bitget IBITUSDT
HTX IBIT-USDT