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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Funding arb · Price arb / RWA

ILMN

RWAAll ILMN markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
MEXCILMNSTOCK_USDT
277.10+0.0168pay 0.0168% / 8h7h 41m$100K$102K20xLong MEXC
SHORT
QFEXILMN-USD
277.10−0.00040.0000% / 1h41m 37s$1.1M$2.1M10xShort QFEX10% off
Price gap0.000%
Funding gap−0.0172% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 41 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$10−0.0172% /8h now · paid +0.101% over the last 7D
Price+$9spread 0.000% now, avg −0.088% → +0.088% if it goes back
Costs−$770.775% of $10k · taker + slippage, in and out
Result−$59−0.59%no pointsWhat the last 7D really paid, hour by hour → backtest

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
Now0.000%
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

ILMN on 3 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size22.3 / 17.3 bp
    At $10k entering MEXC costs 22.3 bp, fee and slippage, 1.3× QFEX’s.
  • Note: Margin at max leverage$500 + $1,000
    MEXC 20x, 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: −$5.16Long MEXC: 3 payments, −$5.04; short QFEX: 24 payments, −$0.12.
  • OK: Entry gap works for you0.000% vs −0.088%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$100K vs $1.1M OI
    MEXC sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCMEXC Yes · QFEX No
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0048%/8h × 21 periods+$10.10
Price spread0.000% → −0.088% (7d avg)+$8.78
Slippage, 4 orderslive order books−$57.47
Fee MEXC bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$58.60
Costs to cover0.775%Break-even47.6 days
Slippage: MEXC: live order book, 30 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGMEXC13.3622.3 bp−$22159.6 bp−$1,596226.8 bp−$22.7Kdoesn’t fit
SELL · SHORTQFEX1.6317.3 bp−$1719.1 bp−$191doesn’t fitdoesn’t fit

Closing costs about the same again.

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