Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 41.010 | 0 | 0.0000% / 8h | 7h 58m | $338K | $245K | 10x | Long KuCoin | |
| SHORT | 40.840 | −0.0058 | pay 0.0007% / 1h | 58m 13s | $1.4M | $2K | 10x | Short QFEX37% off |
Price gap−0.415%
Funding gap−0.0058% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.063% 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$0−0.0058% /8h now · paid −0.003% over the last 7D
Price−$6spread −0.415% now, avg −0.352% → −0.063% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$7−0.07%no pointscosts unknown: book too thin at $10k ·
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−0.415%
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
/8hNVO on 13 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than KuCoin’s order book right now.
- Note: Margin at max leverage$1,000 + $1,000KuCoin 10x, 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: −$1.73Long KuCoin: 3 payments, $0.00; short QFEX: 24 payments, −$1.73.
- Watch: Gap narrower than usual−0.415% vs −0.352%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$338K vs $1.4M OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKuCoin Yes · QFEX NoStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0002%/8h × 21 periods−$0.33
Price spread−0.415% → −0.352% (7d avg)−$6.28
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee KuCoin bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: KuCoin: live order book, 51 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin14.65doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX4.8914.9 bp−$1516.6 bp−$166doesn’t fitdoesn’t fit
Closing costs about the same again.
OKX