Funding you earn now, next payment 23:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h 0.000%
Price spread now: Binance against QFEX+0.128%53s7-day average +0.085% · 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—prices read too far apart to compare
costs, in and out, $10k−$1211.211% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.098%−$10 · spread now +0.128%, 7d avg +0.085%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Binance is 0.043% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.085%. The two prices were read 53 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 3 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 | QFEX PANW-USD | 371.14 | 0 | get 0.0000% / 1h | 19m 42s | $1.1M | $2.6M | 10x |
| Short | Binance PANWUSDT | 371.61 | 0.0652 | get 0.0652% / 8h | 1h 19m | $514K | $806K | 25x |
QFEX PANW-USD
Binance PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $136.9
- Price spread: +0.128% → +0.085%
- $4.26
- Slippage, 4 orders
- −$101.05
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $20.1
- Costs to cover
- 1.211%
- Break-even
- 6.0 days
Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 42 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 QFEX live order book, 3 min ago | 2.16 bp | 26.6 bp −$27 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Binance live order book, 42 min ago | 5.12 bp | 39.1 bp −$39 | 118.1 bp −$1,181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PANWUSDT | 0.0000% | 8h | 371.19 | +0.013% | $313K | $328K | 25x | as long as short |
| QFEX PANW-USDlong | 0.0000% | 1h | 371.14 | long leg | $1.1M | $2.6M | 10x | |
| Gate PANW_USDT | 0.0000% | 8h | 371.31 | +0.046% | $67K | $778 | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 371.55 | +0.110% | $177K | $383K | 20x | as long as short |
| SunX PANW-USDT | +0.0100% | 8h | 371.27 | +0.035% | $1K | $709K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 370.59 | −0.148% | $823 | $38K | 10x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 375.40 | +1.148% | $9K | $37K | 12x | as long as short |
| Binance PANWUSDTshort | +0.0652% | 8h | 371.61 | +0.128% | $514K | $806K | 25x |
Bybit PANWUSDT
Gate PANW_USDT
Bitget PANWUSDT
SunX PANW-USDT
HTX PANW-USDT
Injective PANW/USDC PERP