Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 40.855 | −0.0058 | get 0.0007% / 1h | 7m 34s | $1.4M | $2K | 10x | Long QFEX37% off | |
| SHORT | 41.025 | 0 | 0.0000% / 8h | 7m 34s | $339K | $245K | 10x | Short KuCoin |
Price gap+0.416%
Funding gap+0.0058% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.063% above its 7d average: +$6 more if it goes back.
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 +0.416% now, avg +0.353% → +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+0.416%
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
1 ok · 4 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 + $1,000QFEX 10x, KuCoin 10x. 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: +$1.73Long QFEX: 24 payments, +$1.73; short KuCoin: 3 payments, $0.00.
- OK: Entry gap works for you+0.416% vs +0.353%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$339K vs $1.4M OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · KuCoin YesStandard 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+0.416% → +0.353% (7d avg)+$6.32
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee QFEX bp × 2 orders−$20.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: QFEX: live order book, 5 min ago; KuCoin: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX3.6713.7 bp−$1416.3 bp−$163doesn’t fitdoesn’t fit
SELL · SHORTKuCoin14.65doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
OKX