Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 97.093 | +0.3096 | pay 0.3096% / 8h | 6h 55m | $41K | $111K | 20x | Long Binance | |
| SHORT | 97.780 | 0 | 0.0000% / 1h | 55m 56s | $1.5M | $7K | 10x | Short QFEX10% back |
Price gap+0.708%53s
Funding gap−0.3096% /8h
The gap pays +$71 on $10k if it goes back to its 7d average, but funding costs $93 a day and eats that in about 18 hours. At the last 7 days' pace that is about 42 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.3096% /8h now · paid −0.120% over the last 7D
Price—spread +0.708%53s now · prices read too far apart to compare
Costs−$1,30313.026% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.120% in total, about −0.0057%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.708%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMDT on 7 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size235.4 / 423.9 bpAt $10k entering QFEX costs 423.9 bp, fee and slippage, 1.8× Binance’s.
- Note: Margin at max leverage$500 + $1,000Binance 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$92.89Long Binance: 3 payments, −$92.89; short QFEX: 24 payments, $0.00.
- Watch: Prices read 53 s apart+0.708% vs −0.004%Part of this gap may be the market moving.
- Watch: Long leg is thinner$41K vs $1.5M OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · QFEX NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0057%/8h × 21 periods−$11.96
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$1,274.57
Fee Binance bp × 2 orders−$8.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$1,314.54
price spread not counted: prices read too far apartCosts to cover13.026%Break-evennever at this rate
Slippage: Binance: live order book, 45 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance14.86235.4 bp−$235doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX412.00423.9 bp−$424doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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