PAYP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXPAYP-USD	15.320	0	0.0000% / 1h	42m 06s	$706K	$739	10x	Long QFEX10% back
SHORT	MEXCPAYPSTOCK_USDT	15.020	0	0.0000% / 8h	4h 42m	$181K	$101K	50x	Short MEXC

Price gap−1.958%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 1.743% under its 7d average: the price leg works against you, −$174 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$320.0000% /8h now · paid +0.319% over the last 7D

Price−$174spread −1.958% now, avg −0.215% → −1.743% if it goes back

Costs−$1,21712.165% of $10k · taker + slippage, in and out

Result−$1,359−13.59%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−1.958%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAYP on 11 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size717.8 / 24.4 bp
At $10k entering QFEX costs 717.8 bp, fee and slippage, 29.4× MEXC’s.
Note: Margin at max leverage$1,000 + $200
QFEX 10x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long QFEX: 24 payments, $0.00; short MEXC: 3 payments, $0.00.
Watch: Gap narrower than usual−1.958% vs −0.215%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$181K vs $706K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0152%/8h × 21 periods+$31.91

Price spread−1.958% → −0.215% (7d avg)−$174.28

Slippage, 4 orderslive order books−$1,192.55

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$1,358.92

Costs to cover12.165%Break-even305.1 days

Slippage: QFEX: live order book, 20 min ago; MEXC: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX101.21717.8 bp−$718doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC6.6624.4 bp−$24122.7 bp−$1,227211.9 bp−$21.2Kdoesn’t fit

Closing costs about the same again.

PAYP news

posts that mention PAYP, from every exchangeSearch all news →

09-28 16:00	QFEX	Other	$PAYP - PayPay Corporation is now trading 24/7 on QFEX @QFEX on X ↗
09-28 14:22	QFEX	Listing	new market PAYP-USD ($PAYP) seen by our collector