Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.031%
Price spread now: Phemex against KuCoin−0.223%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.223%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex 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 +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IONQUSDTM | 40.310 | 0.0100 | pay 0.0100% / 8h | 1h 52m | $35K | $2.9M | 20x |
| Short | Phemex IONQUSDT | 40.220 | 0 | get 0.0000% / 8h | 1h 52m | $694K | $102K | 20x |
KuCoin IONQUSDTM
Phemex IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$21
- Price spread: −0.223% → +0.004%
- −$22.69
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$67.69
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Phemex: live order book, 55 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, 5 min ago | 4.96 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 55 min ago | 4.95 bp | 36.2 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IONQUSDT | −0.0334% | 8h | 40.250 | −0.149% | $1.5M | $418K | 20x | as long as short |
| edgeX IONQUSDC | −0.0083% | 4h | 40.205 | −0.261% | $1K | $187K | 10x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.203 | −0.266% | $738K | $1.3M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.200 | −0.273% | $678K | $255K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.220 | −0.223% | $132K | $267K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.160 | −0.372% | $1.1M | $529K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.230 | −0.198% | $479K | $497K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.340 | +0.074% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDTshort | 0.0000% | 8h | 40.220 | −0.223% | $694K | $102K | 20x | |
| BloFin IONQ-USDT | +0.0024% | 8h | 40.220 | −0.223% | $49K | $9K | 20x | as long as short |
Bitget IONQUSDT
edgeX IONQUSDC
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
BloFin IONQ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IONQUSDTMlong | +0.0100% | 8h | 40.310 | long leg | $35K | $2.9M | 20x | |
| Entropy io:IONQ | +0.0988% | 1h | 40.211 | −0.246% | $42K | $187K | 10x | as long as short |
Entropy io:IONQ