Funding you earn now, next payment 07:00 UTC−0.1560%/8h= −170.8% APRnext payment −$1.95 per $10,000 · paid last 24h −0.035%
Price spread now: QFEX against Extended−0.157%7-day average +0.647% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$1591.590% of the position
Funding, last 4 days (all we have)+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.157%, 7d avg +0.647%
=Together, before fees+0.584%+ Points / potential airdropExtended: Active · farm board+$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and QFEX is 0.805% cheaper against Extended than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of +0.647%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.051% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.95 per $10,000. 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 | Extended PURR-USD | 13.401 | 0.1560 | pay 0.0195% / 1h | 46m 03s | $192K | $242K | 10x |
| Short | QFEX PURR-USD | 13.380 | 0 | get 0.0000% / 1h | 46m 03s | $1.3M | $1.7M | 10x |
Extended PURR-USD
QFEX PURR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Extended. 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
- −$327.6
- Price spread: −0.157% → +0.647%
- −$80.45
- Slippage, 4 orders
- −$143.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$567.05
- Costs to cover
- 1.590%
- Break-even
- never at this rate
Slippage from Extended: live order book, 61 min ago; QFEX: live order book, 6 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 Extended live order book, 61 min ago | 8.32 bp | 61.1 bp −$61 | 408.1 bp −$4,081 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 14.94 bp | 36.6 bp −$37 | 50.8 bp −$508 | doesn't fit | doesn't fit |
PURR 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PURRUSDT | −0.0447% | 8h | 13.389 | −0.090% | $384K | $1.9M | 20x | as long as short |
| Bybit PURRUSDT | 0.0000% | 8h | 13.404 | +0.022% | $573K | $874K | 25x | as long as short |
| OKX PURR-USDT-SWAP | 0.0000% | 8h | 13.390 | −0.083% | $597K | $1.3M | 20x | as long as short |
| QFEX PURR-USDshort | 0.0000% | 1h | 13.380 | −0.157% | $1.3M | $1.7M | 10x | |
| Gate PURR_USDT | 0.0000% | 8h | 13.410 | +0.066% | $51K | $10K | 20x | as long as short |
| HTX PURR-USDT | 0.0000% | 1h | 13.472 | +0.529% | $7K | $343K | 20x | as long as short |
| Ondo Perps PURR-USD.P | +0.0505% | 1h | 13.406 | +0.037% | $9K | $54K | 5x | as long as short |
| Extended PURR-USDlong | +0.1560% | 1h | 13.401 | long leg | $192K | $242K | 10x |
Bitget PURRUSDT
Bybit PURRUSDT
OKX PURR-USDT-SWAP
Gate PURR_USDT
HTX PURR-USDT
Ondo Perps PURR-USD.P