Funding you earn now, next payment 12:00 UTC−0.0670%/8h= −73.4% APRpaid last 24h −0.038%
Price spread now: QFEX against GRVT−0.112%57s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.529% of the position
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.112%, 7d avg −0.034%
=Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and QFEX is 0.078% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.092% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT IBM_USDT_Perp | 233.17 | 0.0684 | pay 0.0684% / 8h | 4h 47m | $44 | $151K | 10x |
| Short | QFEX IBM-USD | 232.91 | 0.0014 | get 0.0002% / 1h | 47m 54s | $1.2M | $2.0M | 10x |
GRVT IBM_USDT_Perp
QFEX IBM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GRVT. 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
- −$140.75
- Price spread: −0.112% → −0.034%
- −$7.78
- Slippage, 4 orders
- −$33.95
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$201.48
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 56 min ago; QFEX: live order book, 2 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 GRVT live order book, 56 min ago | 2.36 bp | 16.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.15 bp | 7.8 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
IBM on 18 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 232.86 | −0.132% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.95 | −0.094% | $998K | $311K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.87 | −0.129% | $1.4M | $1.0M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 233.09 | −0.034% | $750K | $1.3M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.94 | −0.099% | $780K | $279K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 233.13 | −0.018% | $258K | $14K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.69 | −0.206% | $607 | $376K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.81 | −0.154% | $7K | $34K | 20x | as long as short |
| QFEX IBM-USDshort | +0.0014% | 1h | 232.91 | −0.112% | $1.2M | $2.0M | 10x | |
| Lighter IBM | +0.0032% | 1h | 232.86 | −0.133% | $37K | $44K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
Lighter IBMShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.775% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.93 | −0.103% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 232.71 | −0.197% | $1.8M | $790K | 10x | as long as short |
| BloFin IBM-USDT | +0.0070% | 8h | 233.01 | −0.069% | $47K | $64K | 20x | as long as short |
| Extended IBM-USD | +0.0080% | 1h | 232.87 | −0.130% | $53K | $307K | 10x | as long as short |
| Binance IBMUSDT | +0.0082% | 8h | 232.94 | −0.098% | $3.8M | $4.7M | 20x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.95 | −0.094% | $196K | $261K | 20x | as long as short |
| GRVT IBM_USDT_Perplong | +0.0684% | 8h | 233.17 | long leg | $44 | $151K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
BloFin IBM-USDT
Extended IBM-USD
Binance IBMUSDT
KuCoin IBMUSDTM