Settings8H · net · $10k
Funding arb · Price arb /

IONQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against OKX−0.098%7-day average −0.234% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1421.420% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.262%−$26 · spread now −0.098%, 7d avg −0.234%
Together, before fees−0.262%−$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.136% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.234%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IONQ-USDT-SWAP40.8400get 0.0000% / 8h17m 50s$105K$271K20x
ShortQFEX IONQ-USD40.8000get 0.0000% / 1h17m 50s$1.1M$699K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.098% → −0.234%
$13.61
Slippage, 4 orders
−$121.96
Fee OKX: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$128.35
Costs to cover
1.420%
Break-even
never at this rate
Slippage from OKX: live order book, 57 min ago; QFEX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 57 min ago6.16 bp77.3 bp −$77doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 3 min ago2.45 bp12.3 bp −$1219.2 bp −$192doesn't fitdoesn't fit

IONQ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX IONQUSDC−0.0997%4h40.825−0.037%$1K$186K10xas long as short
Binance IONQUSDT0.0000%8h40.870+0.073%$739K$1.4M20xas long as short
Bybit IONQUSDT0.0000%8h40.850+0.024%$687K$286K25xas long as short
OKX IONQ-USDT-SWAPlong0.0000%8h40.840long leg$105K$271K20x
QFEX IONQ-USDshort0.0000%1h40.800−0.098%$1.1M$699K10x
Gate IONQ_USDT0.0000%8h40.860+0.049%$504K$567K20xas long as short
Bitget IONQUSDT0.0000%8h40.820−0.049%$1.5M$423K20xas long as short
HTX IONQ-USDT0.0000%8h40.830−0.024%$7K$19K10xas long as short
Phemex IONQUSDT0.0000%8h40.860+0.049%$701K$112K20xas long as short
BloFin IONQ-USDT+0.0015%8h40.810−0.073%$48K$6K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin IONQUSDTM+0.0100%8h40.910+0.171%$34K$2.9M20xas long as short
Entropy io:IONQ+0.0201%1h40.789−0.125%$44K$180K10xas long as short