Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 325.14 | 0 | 0.0000% / 8h | 7h 17m | $8K | $162K | 20x | Long HTX | |
| SHORT | 325.18 | −0.0001 | 0.0000% / 1h | 17m 35s | $361K | $53K | 10x | Short QFEX10% back |
Price gap+0.012%
Funding gap−0.0001% /8h
Funding is ≈ 0, so this is a price-spread trade: +$12 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0001% /8h now · paid +0.003% over the last 3 days (all we have)
Price+$12spread +0.012% now, avg −0.105% → +0.117% if it goes back
Costs−$6766.756% of $10k · taker + slippage, in and out
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+0.012%
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
/8hNET on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size306.0 / 18.2 bpAt $10k entering HTX costs 306.0 bp, fee and slippage, 16.8× QFEX’s.
- Note: Margin at max leverage$500 + $1,000HTX 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: −$0.03Long HTX: 3 payments, $0.00; short QFEX: 24 payments, −$0.03.
- OK: Entry gap works for you+0.012% vs −0.105%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$8K vs $361K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCHTX Limited · QFEX NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0004%/8h × 21 periods+$0.87
Price spread+0.012% → −0.105% (7d avg)+$11.72
Slippage, 4 orderslive order books−$643.59
Fee HTX bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$663.01
Costs to cover6.756%Break-even5353.6 days
Slippage: HTX: live order book, 11 min ago; QFEX: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX40.83306.0 bp−$306doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.0018.2 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 15:37 | QFEX | Listing | new market NET-USD ($NET) seen by our collector |
| 10-22 17:59 | Paragon | Other | The 10-year Treasury yield traded below 5% today for the first time since Sept 23, as investors sought safety during the AI selloff. Security concerns lifted cyber names too. PHP2Shell, two critical PHP flaws that could let attackers run code on servers, drew urgent warnings from the NSA, FBI and cyber agencies worldwide. $NET and $CRWD are up 5.2% and 4.7% since Tuesday's close. @tradeparagon on X ↗ |
| 10-21 17:04 | Paragon | Other | Node.js joins PHP in this week’s security headlines, with high-severity vulnerabilities across its 22.x, 24.x and 26.x releases. The bull case for cybersecurity is pressure on businesses to spend more on protection. CrowdStrike ($CRWD) and Cloudflare ($NET) sell that protection. Trade both 24/7 on Hyperliquid, with up to 10x leverage each. @tradeparagon on X ↗ |
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