Funding you earn now, next payment 10:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h 0.000%
Price spread now: Bitget against QFEX+0.234%7-day average −0.147% · 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−$386as in the Price arb table
costs, in and out, $10k−$4244.236% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days−0.176%−$18 · spread now +0.234%, 7d avg −0.147%
=The price spread pays, funding is against you. Bitget is 0.381% dearer against QFEX than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of −0.147%): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 59 days. At the pace of the last 4 days (−0.001% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX PURR-USD | 13.660 | 0.0021 | pay 0.0003% / 1h | 54m 41s | $1.3M | $1.7M | 10x |
| Short | Bitget PURRUSDT | 13.692 | 0 | get 0.0000% / 8h | 6h 54m | $413K | $1.9M | 20x |
QFEX PURR-USD
Bitget PURRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$4.5
- Price spread: +0.234% → −0.147%
- $38.13
- Slippage, 4 orders
- −$401.65
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$390.02
- Costs to cover
- 4.236%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 43.92 bp | 134.7 bp −$135 | 144.8 bp −$1,448 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.09 bp | 171.4 bp −$171 | 297.3 bp −$2,973 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended PURR-USD | −0.0656% | 1h | 13.649 | −0.083% | $205K | $187K | 10x | as long as short |
| Bybit PURRUSDT | 0.0000% | 8h | 13.656 | −0.029% | $585K | $865K | 25x | as long as short |
| OKX PURR-USDT-SWAP | 0.0000% | 8h | 13.670 | +0.073% | $614K | $1.3M | 20x | as long as short |
| Gate PURR_USDT | 0.0000% | 8h | 13.716 | +0.410% | $53K | $6K | 20x | as long as short |
| Bitget PURRUSDTshort | 0.0000% | 8h | 13.692 | +0.234% | $413K | $1.9M | 20x | |
| HTX PURR-USDT | 0.0000% | 1h | 13.750 | +0.659% | $7K | $342K | 20x | as long as short |
| QFEX PURR-USDlong | +0.0021% | 1h | 13.660 | long leg | $1.3M | $1.7M | 10x | |
| Ondo Perps PURR-USD.P | +0.0038% | 1h | 13.851 | +1.398% | $10K | $63K | 5x | as long as short |
Extended PURR-USD
Bybit PURRUSDT
OKX PURR-USDT-SWAP
Gate PURR_USDT
HTX PURR-USDT
Ondo Perps PURR-USD.P