OURA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceOURAUSDT	51.140	+0.0050	pay 0.0050% / 8h	6h 00m	—	$3.8M	20x	Long Binance
SHORT	QFEXOURA-USD	51.150	−0.0005	pay 0.0001% / 1h	0m 33s	$1.1M	$562K	10x	Short QFEX

Price gap+0.020%

Funding gap−0.0055% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.5 days.

Funding you earn now−0.0055% /8hpaid last 24h −0.010% · next 10:00 UTC

Price spread now+0.020%7d average −0.021% · you sell dearer than you buy

Net 7d · $10k—Paid 7d −$116h − costs $126 · under 7 days of funding history

Net, price · $10k−$122spread back to 7d avg − costs · as in Price arb

Costs, in and out · $10k−$1261.257% of a $10k position

Funding, last

16 hours, all we have−0.010%−$1 on $10k

Price spread, last 18 hours of 7D (all we have)−0.018%−$2 · now +0.020%, avg −0.021%

Together, before fees−0.028%−$3no pointsWith fees, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

QFEX price against Binancenow

RANGE STATS · 7D

Now+0.020%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OURA on 12 exchanges

lowest funding first

Exchange	Funding /8h	Every	Price	vs long leg	OI	Vol 24h	Lev	KYC	Use as
LighterOURA	−0.0176% · 1h	1h	52.395	+2.454%	$101K	$185K	5x	No	52.395 · +2.454% · OI $101K · 5x · KYC No	long short
tradeXYZxyz:OURA	−0.0017% · 1h	1h	51.148	+0.016%	$219K	$1.0M	5x	No	51.148 · +0.016% · OI $219K · 5x · KYC No	long short
QFEXOURA-USD	−0.0005% · 1h	1h	51.150	+0.020%	$1.1M	$562K	10x	No	51.150 · +0.020% · OI $1.1M · 10x · KYC No	SHORT
OKXOURA-USDT-SWAP	0.0000% · 8h	8h	51.075	−0.127%	$123K	$1.3M	20x	Yes	51.075 · −0.127% · OI $123K · 20x · KYC Yes	long short
GateOURA_USDT	0.0000% · 8h	8h	52.230	+2.131%	$480K	$299K	10x	Yes	52.230 · +2.131% · OI $480K · 10x · KYC Yes	long short
BitgetOURAUSDT	0.0000% · 8h	8h	50.976	−0.321%	$1.5M	$11.0M	20x	Yes	50.976 · −0.321% · OI $1.5M · 20x · KYC Yes	long short
SunXOURA-USDT	0.0000% · 8h	8h	50.860	−0.548%	—	$2.3M	10x	No	50.860 · −0.548% · OI — · 10x · KYC No	long short
HTXOURA-USDT	0.0000% · 8h	8h	51.340	+0.391%	$11K	$393K	10x	Limited	51.340 · +0.391% · OI $11K · 10x · KYC Limited	long short
BloFinOURA-USDT	+0.0047% · 8h	8h	51.150	+0.020%	$47K	$25K	20x	Limited	51.150 · +0.020% · OI $47K · 20x · KYC Limited	long short
AsterOURAUSD1	+0.0050% · 8h	8h	50.972	−0.328%	—	$73K	20x	No	50.972 · −0.328% · OI — · 20x · KYC No	long short
BinanceOURAUSDT	+0.0050% · 8h	8h	51.140	long leg	—	$3.8M	20x	Yes	51.140 · long leg · OI — · 20x · KYC Yes	LONG
KuCoinOURAUSDTM	+0.0050% · 8h	8h	51.390	+0.489%	$14K	$3.3M	20x	Yes	51.390 · +0.489% · OI $14K · 20x · KYC Yes	long short

Before you open

1 ok · 4 to watch

Watch: Thin at this size32.0 / 20.9 bp
At $10k Binance’s book costs 32.0 bp to enter, 1.5× QFEX’s.
Note: Margin at max leverage$500 + $1,000
Binance 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.64Long Binance: 3 payments, −$1.50; short QFEX: 24 payments, −$0.14.
OK: Entry gap works for you+0.020% vs −0.021%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner— vs $1.1M OI
Binance sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · QFEX No
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0050%/8h × 21 periods−$10.51

Price spread+0.020% → −0.021% (7d avg)+$4.07

Slippage, 4 orderslive order books−$105.71

Fee Binance bp × 2 orders−$10.00

Fee QFEX bp × 2 orders−$10.00

Net · 7 days · $10k−$132.15

Costs to cover1.257%Break-evennever at this rate

Slippage: Binance: live order book, 12 min ago; QFEX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance10.8932.0 bp−$32100.7 bp−$1,007doesn’t fitdoesn’t fit

SELL · SHORTQFEX2.9420.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.