Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | QFEXOURA-USD | 51.430 | −0.0014 | get 0.0002% / 1h | 18m 38s | $1.1M | $566K | 10x | Long QFEX |
| SHORT | tradeXYZxyz:OURA | 51.338 | +0.0001 | get 0.0000% / 1h | 18m 38s | $226K | $1.0M | 5x | Short tradeXYZ |
Price gap−0.179%49s
Funding gap+0.0014% /8h
Funding pays $0 a day on $10k, but the gap is 0.120% under its 7d average: −$12 if it goes back, about 28 days of funding.
The two prices were read 49 s apart: part of this gap may be the market moving.
Funding you earn now+0.0014% /8hpaid last 24h −0.002% · next 11:00 UTC
Price spread now−0.179%49s7d average −0.059% · you buy dearer than you sell
Net 7d · $10k—Paid 7d $017h − costs $200 · under 7 days of funding history
Net, price · $10k—prices read too far apart to compare
Costs, in and out · $10k−$2002.004% of a $10k position
Funding, last
17 hours, all we have−0.002%$0 on $10kPrice spread, last 18 hours of 7D (all we have)−0.017%−$2 · now −0.179%, avg −0.059%
Together, before fees−0.019%−$2+ Points / potential airdroptradeXYZ: points · farm boardWith 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
tradeXYZ price against QFEXnow
RANGE STATS · 7D
Now−0.179%
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 | +1.876% | $110K | $197K | 5x | No | 52.395 · +1.876% · OI $110K · 5x · KYC No | longshort |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.430 | long leg | $1.1M | $566K | 10x | No | 51.430 · long leg · OI $1.1M · 10x · KYC No | LONG |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −0.117% | $132K | $1.0M | 20x | Yes | 51.370 · −0.117% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.570 | +2.217% | $601K | $392K | 10x | Yes | 52.570 · +2.217% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.287 | −0.278% | $1.6M | $9.9M | 20x | Yes | 51.287 · −0.278% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | −0.408% | — | $2.2M | 10x | No | 51.220 · −0.408% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.292% | $11K | $393K | 10x | Limited | 51.580 · +0.292% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.338 | −0.179% | $226K | $1.0M | 5x | No | 51.338 · −0.179% · OI $226K · 5x · KYC No | SHORT |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | +0.097% | $46K | $26K | 20x | Limited | 51.480 · +0.097% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.552% | $101K | $73K | 20x | No | 51.146 · −0.552% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.437 | +0.014% | $811K | $3.4M | 20x | Yes | 51.437 · +0.014% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.650 | +0.428% | $15K | $3.3M | 20x | Yes | 51.650 · +0.428% · OI $15K · 20x · KYC Yes | longshort |
Before you open
3 ok · 3 to watch- Watch: Thin at this size13.1 / 91.7 bpAt $10k tradeXYZ’s book costs 91.7 bp to enter, 7.0× QFEX’s.
- Note: Margin at max leverage$1,000 + $2,000QFEX 10x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.43Long QFEX: 24 payments, +$0.42; short tradeXYZ: 24 payments, +$0.02.
- Watch: Prices read 49 s apart−0.179% vs −0.059%Part of this gap may be the market moving.
- Watch: Short leg is thinner$226K vs $1.1M OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legQFEX No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0011%/8h × 21 periods−$2.25
Price spread−0.179% → −0.059% (7d avg)−$11.99
Slippage, 4 orderslive order books−$172.36
Fee QFEX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$214.60
Costs to cover2.004%Break-evennever at this rate
Slippage: QFEX: live order book, 4 min ago; tradeXYZ: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.9213.1 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ58.6591.7 bp−$92doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.