Funding arb · Price arb /

LRCX

RWAall LRCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.009%

Price spread now: Bybit against QFEX+0.017%53s7-day average +0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$1241.235% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.017%, 7d avg +0.029%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.019% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LRCX-USD	298.52	0.0020	pay 0.0002% / 1h	46m 43s	$1.1M	$2.7M	10x
Short	Bybit LRCXUSDT	298.57	−0.0201	pay 0.0201% / 8h	7h 46m	$281K	$409K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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

Position, each leg$Hold fordaysFee QFEXbpFee BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$46.5
Price spread: +0.017% → +0.029%: −$1.27
Slippage, 4 orders: −$102.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$171.28
Costs to cover: 1.235%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 43 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 QFEX live order book, 6 min ago	1.84 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 43 min ago	8.50 bp	55.5 bp −$55	224.5 bp −$2,245	doesn't fit	doesn't fit

LRCX 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
Bybit LRCXUSDTshort	−0.0201%	8h	298.57	+0.017%	$281K	$409K	25x
BloFin LRCX-USDT	−0.0004%	8h	298.44	−0.027%	$63K	$34K	20x	as long as short
Binance LRCXUSDT	0.0000%	8h	298.47	−0.018%	$796K	$2.6M	20x	as long as short
OKX LRCX-USDT-SWAP	0.0000%	8h	298.39	−0.044%	$374K	$282K	20x	as long as short
Gate LRCX_USDT	0.0000%	8h	298.10	−0.141%	$245K	$481K	20x	as long as short
Bitget LRCXUSDT	0.0000%	8h	298.26	−0.087%	$310K	$190K	20x	as long as short
QFEX LRCX-USDlong	+0.0020%	1h	298.52	long leg	$1.1M	$2.7M	10x
Extended LRCX_24_5-USD	+0.0040%	1h	298.50	−0.007%	—	—	10x	as long as short
Vest LRCX-USD-PERP	+0.0046%	1h	297.71	−0.271%	—	$4K	10x	as long as short
KuCoin LRCXUSDTM	+0.0100%	8h	297.89	−0.211%	$177K	$613K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LRCX-USDT	+0.0100%	8h	298.50	−0.007%	$9K	$359K	10x	as long as short
Paragon para:LRCX	+0.1492%	1h	298.33	−0.062%	$109K	$210K	10x	as long as short