Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%
Price spread now: QFEX against Nado−0.156%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.156% cheaper against Nado than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PENG-PERP | 54.885 | 0.0100 | pay 0.0012% / 1h | 11m 18s | $29K | $3K | 5x |
| Short | QFEX PENG-USD | 54.800 | 0.0000 | pay 0.0000% / 1h | 11m 18s | $1.2M | $770K | 10x |
Nado PENG-PERP
QFEX PENG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Nado. 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
- −$21.02
- Price spread: −0.156% → 0.000%
- −$15.55
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$53.57
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Nado: no order-book sample; QFEX: live order book, 5 min ago. 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 Nado no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 3.67 bp | 67.0 bp −$67 | 69.6 bp −$696 | doesn't fit | doesn't fit |
Nado: 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.
PENG on 9 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 PENGUSDT | −0.0575% | 8h | 54.980 | +0.172% | $56K | $30K | 20x | as long as short |
| QFEX PENG-USDshort | 0.0000% | 1h | 54.800 | −0.156% | $1.2M | $770K | 10x | |
| Binance PENGUSDT | 0.0000% | 8h | 54.890 | +0.008% | $135K | $480K | 10x | as long as short |
| OKX PENG-USDT-SWAP | 0.0000% | 8h | 54.910 | +0.045% | $91K | $86K | 20x | as long as short |
| Gate PENG_USDT | 0.0000% | 8h | 54.920 | +0.063% | $29K | $10K | 20x | as long as short |
| HTX PENG-USDT | 0.0000% | 8h | 54.940 | +0.100% | $6K | $281K | 10x | as long as short |
| Vest PENG-USD-PERP | +0.0046% | 1h | 54.790 | −0.174% | — | — | 10x | as long as short |
| Nado PENG-PERPlong | +0.0100% | 1h | 54.885 | long leg | $29K | $3K | 5x | |
| edgeX PENGUSDC | +0.0217% | 4h | 54.853 | −0.060% | $18K | $260K | 10x | as long as short |
Bitget PENGUSDT
Binance PENGUSDT
OKX PENG-USDT-SWAP
Gate PENG_USDT
HTX PENG-USDT
Vest PENG-USD-PERP
edgeX PENGUSDC