Funding you earn now, next payment 07:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.081%
Price spread now: QFEX against Binance+0.027%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$820.815% of the position
Funding, last 4 days (all we have)−0.081%−$8 on $10k
+Price spread, last 2 days (all we have)−0.070%−$7 · spread now +0.027%, 7d avg −0.100%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.126% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PANWUSDT | 374.42 | 0 | get 0.0000% / 8h | 1h 06m | $510K | $771K | 25x |
| Short | QFEX PANW-USD | 374.52 | 0.0003 | get 0.0000% / 1h | 6m 09s | $1.1M | $2.6M | 10x |
Binance PANWUSDT
QFEX PANW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- $0.6
- Price spread: +0.027% → −0.100%
- $12.64
- Slippage, 4 orders
- −$61.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$68.26
- Costs to cover
- 0.815%
- Break-even
- 797.0 days
Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 7 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 Binance live order book, 11 min ago | 6.01 bp | 25.6 bp −$26 | 74.6 bp −$746 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.14 bp | 18.5 bp −$19 | 20.0 bp −$200 | doesn't fit | doesn't fit |
PANW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDTlong | 0.0000% | 8h | 374.42 | long leg | $510K | $771K | 25x | |
| Bybit PANWUSDT | 0.0000% | 8h | 374.15 | −0.072% | $323K | $325K | 25x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 374.53 | +0.029% | $174K | $340K | 20x | as long as short |
| QFEX PANW-USDshort | +0.0003% | 1h | 374.52 | +0.027% | $1.1M | $2.6M | 10x | |
| SunX PANW-USDT | +0.0100% | 8h | 374.19 | −0.061% | $977 | $613K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 374.34 | −0.021% | $996 | $40K | 10x | as long as short |
| Gate PANW_USDT | +0.0198% | 8h | 374.56 | +0.037% | $67K | $5K | 20x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 378.06 | +0.972% | $6K | $38K | 12x | as long as short |
Bybit PANWUSDT
Bitget PANWUSDT
SunX PANW-USDT
HTX PANW-USDT
Gate PANW_USDT
Injective PANW/USDC PERP