Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.133%
Price spread now: QFEX against Entropy+0.007%7-day average −0.147% · 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−$65as in the Price arb table
costs, in and out, $10k−$800.802% of the position
Funding, last 4 days (all we have)−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.007%, 7d avg −0.147%
=The price spread pays, funding is against you. QFEX is 0.155% dearer against Entropy than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.147%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 4 days (−0.212% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 40.777 | 0.0048 | pay 0.0006% / 1h | 18m 07s | $45K | $173K | 10x |
| Short | QFEX IONQ-USD | 40.780 | 0 | get 0.0000% / 1h | 18m 07s | $1.1M | $523K | 10x |
Entropy io:IONQ
QFEX IONQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Entropy. 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
- −$10.17
- Price spread: +0.007% → −0.147%
- $15.47
- Slippage, 4 orders
- −$52.2
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$74.91
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 7 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 Entropy live order book, 7 min ago | 8.95 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.45 bp | 10.3 bp −$10 | 21.1 bp −$211 | doesn't fit | doesn't fit |
IONQ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX IONQUSDC | −0.0800% | 4h | 40.820 | +0.106% | $1K | $187K | 10x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.840 | +0.154% | $731K | $1.2M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.840 | +0.154% | $684K | $249K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.840 | +0.154% | $134K | $271K | 20x | as long as short |
| QFEX IONQ-USDshort | 0.0000% | 1h | 40.780 | +0.007% | $1.1M | $523K | 10x | |
| Gate IONQ_USDT | 0.0000% | 8h | 40.850 | +0.179% | $509K | $490K | 20x | as long as short |
| Bitget IONQUSDT | 0.0000% | 8h | 40.820 | +0.105% | $1.5M | $377K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.800 | +0.056% | $7K | $18K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.840 | +0.154% | $703K | $100K | 20x | as long as short |
| BloFin IONQ-USDT | +0.0006% | 8h | 40.890 | +0.277% | $49K | $6K | 20x | as long as short |
edgeX IONQUSDC
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
Gate IONQ_USDT
Bitget IONQUSDT
HTX IONQ-USDT
Phemex IONQUSDT
BloFin IONQ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQlong | +0.0048% | 1h | 40.777 | long leg | $45K | $173K | 10x | |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.930 | +0.375% | $39K | $2.9M | 20x | as long as short |
KuCoin IONQUSDTM