Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.104%
Price spread now: Entropy against KuCoin−0.275%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.275%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.227% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.176%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IONQUSDTM | 40.400 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $36K | $2.9M | 20x |
| Short | Entropy io:IONQ | 40.289 | 0.0050 | get 0.0006% / 1h | 3m 28s | $41K | $186K | 10x |
KuCoin IONQUSDTM
Entropy io:IONQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against KuCoin. 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
- −$10.5
- Price spread: −0.275% → −0.048%
- −$22.7
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$63.2
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Entropy: live order book, 2 min ago. Net counts fees only.
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 KuCoin live order book, 4 min ago | 14.84 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 2 min ago | 5.33 bp | 36.8 bp −$37 | doesn't fit | 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 | −0.0686% | 4h | 40.322 | −0.192% | $1K | $188K | 10x | as long as short |
| Bitget IONQUSDT | −0.0355% | 8h | 40.330 | −0.173% | $1.5M | $414K | 20x | as long as short |
| BloFin IONQ-USDT | −0.0030% | 8h | 40.310 | −0.223% | $49K | $9K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.290 | −0.272% | $740K | $1.3M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.290 | −0.272% | $680K | $254K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.320 | −0.198% | $132K | $268K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.270 | −0.322% | $1.1M | $528K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.320 | −0.198% | $484K | $500K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.380 | −0.050% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.320 | −0.198% | $695K | $102K | 20x | as long as short |
edgeX IONQUSDC
Bitget IONQUSDT
BloFin IONQ-USDT
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
Phemex IONQUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQshort | +0.0050% | 1h | 40.289 | −0.275% | $41K | $186K | 10x | |
| KuCoin IONQUSDTMlong | +0.0100% | 8h | 40.400 | long leg | $36K | $2.9M | 20x |