Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,333.9 | +0.0072 | pay 0.0009% / 1h | 7m 39s | $2.3M | $7.6M | 10x | Long QFEX37% off | |
| SHORT | 1,335.6 | 0 | 0.0000% / 8h | 7m 39s | $1.5M | $551K | 10x | Short Phemex |
Price gap+0.127%
Funding gap−0.0072% /8h
The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 12 days. At the last 7 days' pace that is about 4.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$45−0.0072% /8h now · paid −0.449% over the last 7D
Price+$27spread +0.127% now, avg −0.141% → +0.269% if it goes back
Costs−$1561.562% of $10k · taker + slippage, in and out
Result−$174−1.74%no points
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+0.127%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size15.7 / 74.9 bpAt $10k entering Phemex costs 74.9 bp, fee and slippage, 4.8× QFEX’s.
- Note: Margin at max leverage$1,000 + $1,000QFEX 10x, Phemex 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: −$2.15Long QFEX: 24 payments, −$2.15; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.127% vs −0.141%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.5M vs $2.3M OIBoth legs are deep; Phemex is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0214%/8h × 21 periods−$44.85
Price spread+0.127% → −0.141% (7d avg)+$26.86
Slippage, 4 orderslive order books−$124.22
Fee QFEX bp × 2 orders−$20.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$174.22
Costs to cover1.562%Break-evennever at this rate
Slippage: QFEX: live order book, 7 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.4815.7 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex2.3274.9 bp−$75doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
OPENAI news
posts that mention OPENAI or OpenAI, from every exchange| 11-07 05:41 | Kalshi | Other | JUST IN: OpenAI CFO says election results did not change their plans for data center spending @Kalshi on X ↗ |
| 11-06 21:58 | Kalshi | Other | BREAKING: OpenAI raises $11,000,000,000 at $1,250,000,000,000 valuation @Kalshi on X ↗ |
| 11-05 10:40 | Kalshi | Other | JUST IN: OpenAI to cover full power costs of future data centers @Kalshi on X ↗ |
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