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

PURR

RWAall PURR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against QFEX+0.586%7-day average −0.174% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1971.971% 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−0.587%−$59 · spread now +0.586%, 7d avg −0.174%
Together, before fees−0.587%−$59 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: OKX is 0.760% dearer against QFEX than usual: you sell high and buy low, +$76 on $10k if it goes back to its 7-day average of −0.174%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX PURR-USD13.6600get 0.0000% / 1h15m 17s$1.3M$2.3M10x
ShortOKX PURR-USDT-SWAP13.7400get 0.0000% / 8h15m 17s$569K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.586% → −0.174%
$75.97
Slippage, 4 orders
−$177.11
Fee QFEX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$121.14
Costs to cover
1.971%
Break-even
never at this rate
Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago3.66 bp30.1 bp −$3038.4 bp −$384doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago3.65 bp69.2 bp −$69350.9 bp −$3,509doesn'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 PURRUSDT0.0000%8h13.680+0.146%$630K$921K25xas long as short
OKX PURR-USDT-SWAPshort0.0000%8h13.740+0.586%$569K$1.3M20x
QFEX PURR-USDlong0.0000%1h13.660long leg$1.3M$2.3M10x
Gate PURR_USDT0.0000%8h13.724+0.469%$53K$36K20xas long as short
Bitget PURRUSDT0.0000%8h13.711+0.373%$331K$2.0M20xas long as short
HTX PURR-USDT0.0000%1h13.747+0.637%$7K$332K20xas long as short
Ondo Perps PURR-USD.P+0.0182%1h13.640−0.146%$7K$49K5xas long as short
Extended PURR-USD+0.0776%1h13.678+0.134%$203K$244K10xas long as short