Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.066%
Price spread now: Injective against QFEX+0.983%105s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.983% dearer against QFEX than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX PANW-USD | 373.19 | 0 | get 0.0000% / 1h | 33m 30s | $1.1M | $2.6M | 10x |
| Short | Injective PANW/USDC PERP | 376.86 | 0.0220 | get 0.0028% / 1h | 33m 30s | $6K | $38K | 12x |
QFEX PANW-USD
Injective PANW/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $46.2
- Price spread: +0.983% → 0.000%
- $98.34
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $134.52
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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, 4 min ago | 1.88 bp | 23.1 bp −$23 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PANWUSDT | 0.0000% | 8h | 373.51 | +0.085% | $516K | $774K | 25x | as long as short |
| Bybit PANWUSDT | 0.0000% | 8h | 373.14 | −0.013% | $325K | $323K | 25x | as long as short |
| QFEX PANW-USDlong | 0.0000% | 1h | 373.19 | long leg | $1.1M | $2.6M | 10x | |
| Gate PANW_USDT | 0.0000% | 8h | 372.31 | −0.236% | $67K | $5K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 372.95 | −0.064% | $174K | $378K | 20x | as long as short |
| SunX PANW-USDT | +0.0100% | 8h | 373.16 | −0.008% | $944 | $625K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 371.91 | −0.343% | $2K | $39K | 10x | as long as short |
| Injective PANW/USDC PERPshort | +0.0220% | 1h | 376.86 | +0.983% | $6K | $38K | 12x |
Binance PANWUSDT
Bybit PANWUSDT
Gate PANW_USDT
Bitget PANWUSDT
SunX PANW-USDT
HTX PANW-USDT