Settings8H · net · $10k
Funding arb · Price arb /

NOC

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Bitget−0.442%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.442% cheaper against Bitget than usual: you would sell low and buy high, −$44 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NOCUSDT526.860get 0.0000% / 8h7h 54m$71K$11K20x
ShortQFEX NOC-USD524.530get 0.0000% / 1h54m 49s$1.1M$610K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.442% → 0.000%
−$44.22
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$66.22
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: no order-book sample; QFEX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget no order-book sample
Sell QFEX live order book, 1 min ago77.02 bp215.5 bp −$216doesn't fitdoesn't fitdoesn't fit
Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOC on 4 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX NOC-USDshort0.0000%1h524.53−0.442%$1.1M$610K10x
Gate NOC_USDT0.0000%8h526.98+0.023%$65K$47220xas long as short
Bitget NOCUSDTlong0.0000%8h526.86long leg$71K$11K20x
Injective NOC/USDC PERP+0.0220%1h580.05+10.096%$3K$24K12xas long as short