Funding you earn now, next payment 11:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.011%
Price spread now: OKX against QFEX−0.050%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
Funding, last 4 days (all we have)−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.050%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.024% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX LRCX-USD | 302.22 | 0.0057 | pay 0.0007% / 1h | 49m 34s | $1.1M | $2.6M | 10x |
| Short | OKX LRCX-USDT-SWAP | 302.07 | 0 | get 0.0000% / 8h | 5h 49m | $379K | $290K | 20x |
QFEX LRCX-USD
OKX LRCX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against QFEX. 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
- −$12
- Price spread: −0.050% → −0.026%
- −$2.4
- Slippage, 4 orders
- −$102.69
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$137.09
- Costs to cover
- 1.227%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 59 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 | 1.33 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 59 min ago | 9.85 bp | 53.1 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
LRCX on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin LRCX-USDT | −0.0015% | 8h | 301.60 | −0.205% | $18K | $34K | 20x | as long as short |
| Binance LRCXUSDT | 0.0000% | 8h | 302.06 | −0.053% | $794K | $2.7M | 20x | as long as short |
| Bybit LRCXUSDT | 0.0000% | 8h | 302.30 | +0.026% | $339K | $449K | 25x | as long as short |
| OKX LRCX-USDT-SWAPshort | 0.0000% | 8h | 302.07 | −0.050% | $379K | $290K | 20x | |
| Gate LRCX_USDT | 0.0000% | 8h | 302.10 | −0.040% | $241K | $503K | 20x | as long as short |
| Bitget LRCXUSDT | 0.0000% | 8h | 302.39 | +0.056% | $309K | $175K | 20x | as long as short |
| KuCoin LRCXUSDTM | +0.0012% | 8h | 301.29 | −0.308% | $177K | $674K | 20x | as long as short |
| Extended LRCX_24_5-USD | +0.0040% | 1h | 302.84 | +0.204% | — | — | 10x | as long as short |
| Vest LRCX-USD-PERP | +0.0046% | 1h | 301.85 | −0.122% | — | $4K | 10x | as long as short |
| QFEX LRCX-USDlong | +0.0057% | 1h | 302.22 | long leg | $1.1M | $2.6M | 10x |
BloFin LRCX-USDT
Binance LRCXUSDT
Bybit LRCXUSDT
Gate LRCX_USDT
Bitget LRCXUSDT
KuCoin LRCXUSDTM
Extended LRCX_24_5-USD
Vest LRCX-USD-PERPShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX LRCX-USDT | +0.0100% | 8h | 302.42 | +0.066% | $9K | $361K | 10x | as long as short |
| Paragon para:LRCX | +0.0480% | 1h | 302.85 | +0.207% | $126K | $218K | 10x | as long as short |
HTX LRCX-USDT
Paragon para:LRCX