Funding you earn now, next payment 00:00 UTC+0.1520%/8h= +166.5% APRpaid last 24h +0.153%
Price spread now: tradeXYZ against OKX−0.251%7-day average −0.200% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2622.622% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.251%, 7d avg −0.200%
=Together, before fees+0.354%+ Points / potential airdroptradeXYZ: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.051% cheaper against OKX than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.200%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.198% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% a year). A funding rate is set anew for every payment. 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 | OKX QNT-USDT-SWAP | 51.810 | 0.0565 | pay 0.0565% / 8h | 12m 32s | $744K | $301K | 20x |
| Short | tradeXYZ xyz:QNT | 51.680 | 0.2085 | get 0.0261% / 1h | 12m 32s | $1.2M | $340K | 10x |
OKX QNT-USDT-SWAP
tradeXYZ xyz:QNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- $319.27
- Price spread: −0.251% → −0.200%
- −$5.09
- Slippage, 4 orders
- −$234.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $52.01
- Costs to cover
- 2.622%
- Break-even
- 5.9 days
Slippage from OKX: live order book, 64 min ago; tradeXYZ: live order book, 5 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 OKX live order book, 64 min ago | 1.94 bp | 124.0 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 6.57 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
QNT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter QNT | +0.0032% | 1h | 51.425 | −0.743% | — | — | 5x | as long as short |
| OKX QNT-USDT-SWAPlong | +0.0565% | 8h | 51.810 | long leg | $744K | $301K | 20x | |
| Extended QNT-USD | +0.1136% | 1h | 51.660 | −0.289% | $9K | $161K | 10x | as long as short |
| tradeXYZ xyz:QNTshort | +0.2085% | 1h | 51.680 | −0.251% | $1.2M | $340K | 10x | |
| Arcus QNT-USD | +0.3821% | 1h | 51.710 | −0.193% | $3K | $4K | 10x | as long as short |
Lighter QNT
Extended QNT-USD
Arcus QNT-USD