Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.066%
Price spread now: QFEX against Injective−9.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 9.004% cheaper against Injective than usual: you would sell low and buy high (−$900 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NOC/USDC PERP | 580.05 | 0.0220 | pay 0.0028% / 1h | 54m 28s | $3K | $24K | 12x |
| Short | QFEX NOC-USD | 527.82 | 0 | get 0.0000% / 1h | 54m 28s | $1.1M | $604K | 10x |
Injective NOC/USDC PERP
QFEX NOC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- −$46.2
- Price spread: −9.004% → 0.000%
- −$900.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$956.66
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 1 min ago | 152.13 bp | 178.2 bp −$178 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NOC-USDshort | 0.0000% | 1h | 527.82 | −9.004% | $1.1M | $604K | 10x | |
| Gate NOC_USDT | 0.0000% | 8h | 526.45 | −9.241% | $64K | $493 | 20x | as long as short |
| Bitget NOCUSDT | 0.0000% | 8h | 526.84 | −9.173% | $71K | $11K | 20x | as long as short |
| Injective NOC/USDC PERPlong | +0.0220% | 1h | 580.05 | long leg | $3K | $24K | 12x |
Gate NOC_USDT
Bitget NOCUSDT