Settings8H · net · $10k
Funding arb · Price arb /

PURR

RWAall PURR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.088%7-day average −0.392% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1921.923% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.496%−$50 · spread now +0.088%, 7d avg −0.392%
Together, before fees−0.496%−$50 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.480% dearer against QFEX than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.392%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX PURR-USD13.7000get 0.0000% / 1h1m 17s$1.3M$2.2M10x
ShortBybit PURRUSDT13.7120get 0.0000% / 8h2h 01m$634K$917K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.088% → −0.392%
$47.99
Slippage, 4 orders
−$171.27
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$144.28
Costs to cover
1.923%
Break-even
never at this rate
Slippage from QFEX: live order book, 11 min ago; Bybit: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 11 min ago7.29 bp19.4 bp −$1927.5 bp −$275doesn't fitdoesn't fit
Sell Bybit live order book, 19 min ago4.38 bp79.3 bp −$79685.8 bp −$6,858doesn't fitdoesn't fit

PURR on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PURRUSDTshort0.0000%8h13.712+0.088%$634K$917K25x
OKX PURR-USDT-SWAP0.0000%8h13.710+0.073%$565K$1.3M20xas long as short
QFEX PURR-USDlong0.0000%1h13.700long leg$1.3M$2.2M10x
Gate PURR_USDT0.0000%8h13.715+0.109%$52K$36K20xas long as short
Bitget PURRUSDT0.0000%8h13.721+0.153%$303K$2.0M20xas long as short
HTX PURR-USDT0.0000%1h13.777+0.562%$6K$333K20xas long as short
Ondo Perps PURR-USD.P+0.0130%1h13.661−0.285%$7K$48K5xas long as short
Extended PURR-USD+0.0648%1h13.702+0.016%$204K$261K10xas long as short