Funding you earn now, next payment 12:00 UTC+0.0981%/8h= +107.4% APRpaid last 24h +0.281%
Price spread now: Bitget against QFEX+0.129%7-day average +0.274% · 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−$154as in the Price arb table
costs, in and out, $10k−$1391.391% of the position
Funding, last 4 days (all we have)+0.343%+$34 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now +0.129%, 7d avg +0.274%
=Funding pays, the price is against you. Bitget is 0.146% cheaper against QFEX than usual: you would sell low and buy high (spread +0.129% now, against its 7-day average of +0.274%). If the spread goes back, that is −$15 on $10k: about 12 hours of funding at the current rate (+$29 a day). At the pace of the last 4 days (+0.343% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.343% in total (about 32.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NKE-USD | 36.550 | 0 | get 0.0000% / 1h | 50m 14s | $1.1M | $652K | 10x |
| Short | Bitget NKEUSDT | 36.597 | 0.0981 | get 0.0981% / 8h | 4h 50m | $3.1M | $1.4M | 20x |
QFEX NKE-USD
Bitget NKEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $206.01
- Price spread: +0.129% → +0.274%
- −$14.59
- Slippage, 4 orders
- −$117.14
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $52.29
- Costs to cover
- 1.391%
- Break-even
- 5.2 days
Slippage from QFEX: live order book, 3 min ago; Bitget: live order book, just now.
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, 3 min ago | 2.74 bp | 16.0 bp −$16 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 14.90 bp | 53.1 bp −$53 | 69.5 bp −$695 | doesn't fit | doesn't fit |
NKE on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NKE-USDlong | 0.0000% | 1h | 36.550 | long leg | $1.1M | $652K | 10x | |
| Gate NKE_USDT | 0.0000% | 8h | 36.400 | −0.410% | $249K | $24K | 20x | as long as short |
| HTX NKE-USDT | 0.0000% | 8h | 36.420 | −0.356% | $5K | $314K | 20x | as long as short |
| Injective NKE/USDC PERP | +0.0033% | 1h | 35.960 | −1.614% | $975 | $11K | 12x | as long as short |
| Bitget NKEUSDTshort | +0.0981% | 8h | 36.597 | +0.129% | $3.1M | $1.4M | 20x |
Gate NKE_USDT
HTX NKE-USDT
Injective NKE/USDC PERP