Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 11.974 | +0.4328 | pay 0.4328% / 8h | 7h 52m | $56K | $105K | 20x | Long Bitget | |
| SHORT | 11.890 | 0 | 0.0000% / 1h | 52m 13s | $379K | $98K | 10x | Short QFEX10% back |
Price gap−0.702%
Funding gap−0.4328% /8h
Both sides work against this direction now: funding costs $130 a day on $10k and the gap is 0.368% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30−0.4328% /8h now · paid −0.302% over the last 1 day (all we have)
Price−$37spread −0.702% now, avg −0.334% → −0.368% if it goes back
Costs−$2982.976% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 1 day it paid −0.302% in total, about −0.0729%/8h on average.
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−0.702%
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
/8hNU on 5 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size25.5 / 127.5 bpAt $10k entering QFEX costs 127.5 bp, fee and slippage, 5.0× Bitget’s.
- Note: Margin at max leverage$500 + $1,000Bitget 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: −$129.84Long Bitget: 3 payments, −$129.84; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.702% vs −0.334%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$56K vs $379K OIBitget sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · QFEX NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0729%/8h × 21 periods−$153.11
Price spread−0.702% → −0.334% (7d avg)−$36.78
Slippage, 4 orderslive order books−$265.59
Fee Bitget bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$487.48
Costs to cover2.976%Break-evennever at this rate
Slippage: Bitget: live order book, 20 min ago; QFEX: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget2.9225.5 bp−$26101.1 bp−$1,011doesn’t fitdoesn’t fit
SELL · SHORTQFEX80.14127.5 bp−$127doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Gate