ILMN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXILMN-USD	273.66	+0.0004	pay 0.0001% / 1h	23m 04s	$1.1M	$2.1M	10x	Long QFEX10% off
SHORT	MEXCILMNSTOCK_USDT	274.25	+0.0200	get 0.0200% / 8h	23m 04s	$87K	$100K	20x	Short MEXC

Price gap+0.216%48s

Funding gap+0.0196% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.216% above zero (no 7-day history yet): +$22 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$11+0.0196% /8h now · paid −0.108% over the last 7D

Price—spread +0.216%48s now · prices read too far apart to compare

Costs−$820.816% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.108% in total, about −0.0051%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.216%

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

0 ok · 5 to watch

Watch: Thin at this size16.5 / 23.3 bp
At $10k entering MEXC costs 23.3 bp, fee and slippage, 1.4× QFEX’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$5.87Long QFEX: 24 payments, −$0.13; short MEXC: 3 payments, +$6.00.
Watch: Prices read 48 s apart+0.216% vs —
Part of this gap may be the market moving.
Watch: Short leg is thinner$87K 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: KYCQFEX No · MEXC Yes
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−0.0051%/8h × 21 periods−$10.75

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$61.60

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k−$92.35

price spread not counted: prices read too far apart

Costs to cover0.816%Break-evennever at this rate

Slippage: QFEX: live order book, 12 min ago; MEXC: live order book, 59 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX2.0016.5 bp−$1618.0 bp−$180doesn’t fitdoesn’t fit

SELL · SHORTMEXC14.2523.3 bp−$23165.8 bp−$1,658231.7 bp−$23.2Kdoesn’t fit

Closing costs about the same again.