Funding you earn now, next payment 05:00 UTC+0.2234%/8h= +244.7% APRnext payment +$2.79 per $10,000 · paid last 24h +0.171%
Price spread now: Extended against tradeXYZ−0.064%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.064%, 7d avg +0.047%
=Together, before fees+0.206%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.111% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.047%). If the spread goes back, that is −$11 on $10k: about 4 hours of funding at the current rate (+$67 a day). At the pace of the last 7 days (+0.108% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 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 | tradeXYZ xyz:QNT | 51.547 | −0.0842 | get 0.0105% / 1h | 13m 30s | $1.2M | $331K | 10x |
| Short | Extended QNT-USD | 51.514 | 0.1392 | get 0.0174% / 1h | 13m 30s | $9K | $147K | 10x |
tradeXYZ xyz:QNT
Extended QNT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against tradeXYZ. 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
- $469.21
- Price spread: −0.064% → +0.047%
- −$11.1
- Slippage, 4 orders
- −$148.06
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $287.05
- Costs to cover
- 1.711%
- Break-even
- 2.7 days
Slippage from tradeXYZ: live order book, 3 min ago; Extended: live order book, 37 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 tradeXYZ live order book, 3 min ago | 8.93 bp | 24.0 bp −$24 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Extended live order book, 37 min ago | 8.42 bp | 54.8 bp −$55 | 487.5 bp −$4,875 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:QNTlong | −0.0842% | 1h | 51.547 | long leg | $1.2M | $331K | 10x | |
| Lighter QNT | +0.0032% | 1h | 51.370 | −0.343% | — | — | 5x | as long as short |
| Arcus QNT-USD | +0.0040% | 1h | 51.540 | −0.014% | $2K | $6K | 10x | as long as short |
| OKX QNT-USDT-SWAP | +0.0160% | 8h | 51.690 | +0.277% | $753K | $296K | 20x | as long as short |
| Extended QNT-USDshort | +0.1392% | 1h | 51.514 | −0.064% | $9K | $147K | 10x |
Lighter QNT
Arcus QNT-USD
OKX QNT-USDT-SWAP