Settings8H · net · $10k
Funding arb · Price arb /

IBIT

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against QFEX+0.435%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$4424.422% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.435% dearer against QFEX than usual: you sell high and buy low, +$43 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX IBIT-USD48.2900get 0.0000% / 1h33m 53s$1.2M$5.7M10x
ShortGate IBIT_USDT48.5000get 0.0000% / 8h1h 33m$100K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.435% → 0.000%
$43.49
Slippage, 4 orders
−$417.17
Fee QFEX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$398.69
Costs to cover
4.422%
Break-even
never at this rate
Slippage from QFEX: live order book, 10 min ago; Gate: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 10 min ago2.07 bp9.1 bp −$915.7 bp −$157doesn't fitdoesn't fit
Sell Gate live order book, 48 min ago12.37 bp221.0 bp −$221doesn't fitdoesn't fitdoesn't fit

IBIT on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX IBIT-USDlong0.0000%1h48.290long leg$1.2M$5.7M10x
Gate IBIT_USDTshort0.0000%8h48.500+0.435%$100K$20K20x
Bitget IBITUSDT0.0000%8h48.324+0.070%$19K$83K20xas long as short
HTX IBIT-USDT0.0000%8h48.490+0.414%$1K$30K20xas long as short
Bybit IBITUSDT+0.0197%8h48.410+0.248%$111K$771K25xas long as short