Funding you earn now, next payment 06:00 UTC+0.0451%/8h= +49.4% APRpaid last 24h 0.000%
Price spread now: QFEX against Bitget−0.052%46s7-day average −0.677% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$7867.863% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.052%, 7d avg −0.677%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and QFEX is 0.625% dearer against Bitget than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of −0.677%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OUSTUSDT | 38.220 | −0.0451 | get 0.0451% / 8h | 2h 55m | $426K | $262K | 20x |
| Short | QFEX OUST-USD | 38.200 | 0 | get 0.0000% / 1h | 55m 51s | $1.1M | $489K | 10x |
Bitget OUSTUSDT
QFEX OUST-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $94.71
- Price spread: −0.052% → −0.677%
- $62.49
- Slippage, 4 orders
- −$764.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$629.12
- Costs to cover
- 7.863%
- Break-even
- 53.5 days
Slippage from Bitget: live order book, 50 min ago; QFEX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 50 min ago | 11.62 bp | 50.4 bp −$50 | 53.4 bp −$534 | 106.4 bp −$10.6K | doesn't fit |
| Sell QFEX live order book, 5 min ago | 227.75 bp | 283.5 bp −$283 | doesn't fit | doesn't fit | doesn't fit |
OUST on 7 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget OUSTUSDTlong | −0.0451% | 8h | 38.220 | long leg | $426K | $262K | 20x | |
| Bybit OUSTUSDT | 0.0000% | 8h | 38.410 | +0.497% | $542K | $393K | 25x | as long as short |
| OKX OUST-USDT-SWAP | 0.0000% | 8h | 38.150 | −0.183% | $106K | $249K | 20x | as long as short |
| QFEX OUST-USDshort | 0.0000% | 1h | 38.200 | −0.052% | $1.1M | $489K | 10x | |
| Gate OUST_USDT | 0.0000% | 8h | 38.370 | +0.392% | $81K | $19K | 20x | as long as short |
| HTX OUST-USDT | +0.0100% | 8h | 38.180 | −0.105% | $5K | $333K | 20x | as long as short |
| edgeX OUSTUSDC | +0.0509% | 4h | 38.380 | +0.419% | $39K | $267K | 10x | as long as short |
Bybit OUSTUSDT
OKX OUST-USDT-SWAP
Gate OUST_USDT
HTX OUST-USDT
edgeX OUSTUSDC