Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | KuCoinOURAUSDTM | 51.360 | +0.0050 | pay 0.0050% / 8h | 5h 58m | $14K | $3.3M | 20x | Long KuCoin |
| SHORT | QFEXOURA-USD | 51.160 | −0.0014 | pay 0.0002% / 1h | 58m 42s | $1.1M | $564K | 10x | Short QFEX |
Price gap−0.389%
Funding gap−0.0064% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.557% under its 7d average. Swap the legs.
Funding you earn now−0.0064% /8hpaid last 24h −0.010% · next 10:00 UTC
Price spread now−0.389%7d average +0.168% · you buy dearer than you sell
Net 7d · $10k—Paid 7d −$116h − costs $730 · under 7 days of funding history
Net, price · $10k−$786spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$7307.302% of a $10k position
Funding, last
16 hours, all we have−0.010%−$1 on $10kPrice spread, last 18 hours of 7D (all we have)+0.657%+$66 · now −0.389%, avg +0.168%
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 KuCoinnow
RANGE STATS · 7D
Now−0.389%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +2.015% | $102K | $186K | 5x | No | 52.395 · +2.015% · OI $102K · 5x · KYC No | longshort |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.160 | −0.389% | $1.1M | $564K | 10x | No | 51.160 · −0.389% · OI $1.1M · 10x · KYC No | SHORT |
| tradeXYZxyz:OURA | −0.0010% · 1h | 1h | 51.148 | −0.413% | $221K | $1.0M | 5x | No | 51.148 · −0.413% · OI $221K · 5x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.048 | −0.607% | $126K | $1.3M | 20x | Yes | 51.048 · −0.607% · OI $126K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.280 | +1.791% | $505K | $314K | 10x | Yes | 52.280 · +1.791% · OI $505K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.031 | −0.641% | $1.5M | $10.9M | 20x | Yes | 51.031 · −0.641% · OI $1.5M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 50.880 | −0.935% | — | $2.3M | 10x | No | 50.880 · −0.935% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.360 | 0.000% | $11K | $393K | 10x | Limited | 51.360 · 0.000% · OI $11K · 10x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 50.972 | −0.754% | $100K | $73K | 20x | No | 50.972 · −0.754% · OI $100K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.163 | −0.384% | $798K | $3.8M | 20x | Yes | 51.163 · −0.384% · OI $798K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.360 | long leg | $14K | $3.3M | 20x | Yes | 51.360 · long leg · OI $14K · 20x · KYC Yes | LONG |
| BloFinOURA-USDT | +0.0064% · 8h | 8h | 51.110 | −0.487% | $46K | $25K | 20x | Limited | 51.110 · −0.487% · OI $46K · 20x · KYC Limited | longshort |
Before you open
0 ok · 5 to watch- Watch: Thin at this size285.3 / 20.9 bpAt $10k KuCoin’s book costs 285.3 bp to enter, 13.7× QFEX’s.
- Note: Margin at max leverage$500 + $1,000KuCoin 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: −$1.92Long KuCoin: 3 payments, −$1.50; short QFEX: 24 payments, −$0.42.
- Watch: Gap narrower than usual−0.389% vs +0.168%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$14K vs $1.1M 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−0.0050%/8h × 21 periods−$10.49
Price spread−0.389% → +0.168% (7d avg)−$55.75
Slippage, 4 orderslive order books−$708.24
Fee KuCoin bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$796.47
Costs to cover7.302%Break-evennever at this rate
Slippage: KuCoin: live order book, 4 min ago; QFEX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin18.51285.3 bp−$285doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.9420.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.