Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 34.520 | 0 | 0.0000% / 1h | 23m 54s | $1.2M | $665K | 10x | Long QFEX10% off | |
| SHORT | 34.590 | +0.0244 | get 0.0244% / 8h | 2h 23m | $4.3M | $281K | 20x | Short MEXC |
Price gap+0.203%48s
Funding gap+0.0244% /8h
Funding pays +$7 a day on $10k, but the gap is 0.385% under its 7d average: −$39 if it goes back, about 5.3 days of funding. At the last 7 days' pace that is about 42 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$153+0.0244% /8h now · paid +1.526% over the last 7D
Price—spread +0.203%48s now · prices read too far apart to compare
Costs−$460.462% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.203%
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
/8hNKE on 10 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size20.0 / 4.5 bpAt $10k entering QFEX costs 20.0 bp, fee and slippage, 4.5× MEXC’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.32Long QFEX: 24 payments, $0.00; short MEXC: 3 payments, +$7.32.
- Watch: Prices read 48 s apart+0.203% vs +0.588%Part of this gap may be the market moving.
- Note: Long leg is thinner$1.2M vs $4.3M OIBoth legs are deep; QFEX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0727%/8h × 21 periods+$152.60
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$26.15
Fee QFEX bp × 2 orders−$20.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k+$106.45
price spread not counted: prices read too far apartCosts to cover0.462%Break-even2.1 days
Slippage: QFEX: live order book, 8 min ago; MEXC: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX4.3420.0 bp−$2029.8 bp−$298doesn’t fitdoesn’t fit
SELL · SHORTMEXC4.484.5 bp−$412.8 bp−$128154.6 bp−$15.5Kdoesn’t fit
Closing costs about the same again.
| 10-05 09:00 | KuCoin | Listing | new market NKEUSDTM ($NKE) seen by our collector |
| 10-04 15:00 | Kalshi | Other | BREAKING: Nike says it will cut jobs and fold its global divisions into three as China sales fall 26% @Kalshi on X ↗ |
| 10-04 01:30 | Kalshi | Other | BREAKING: Nike is the only Dow stock down over the last decade at -32.5% @Kalshi on X ↗ |
| 10-02 09:59 | OKX | Listing | new market NKE-USDT-SWAP ($NKE) seen by our collector |
| 10-01 20:36 | Kalshi | Other | BREAKING: Nike falls over 5% — now down 81% from its peak and trading at its lowest since 2014 @Kalshi on X ↗ |
| 09-29 10:05 | Binance | Listing | new market NKEUSDT ($NKE) seen by our collector |
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