Funding you earn now, next payment 08:00 UTC−0.0894%/8h= −97.9% APRnext payment −$8.94 per $10,000 · paid last 24h −0.273%
Price spread now: SunX against Binance−0.337%46s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$374as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3303.304% of the position
Funding, last 7 days−0.437%−$44 on $10k
+Price spread, last 2 days (all we have)+0.341%+$34 · spread now −0.337%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.351% cheaper against Binance than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.014%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.437% in total (about -22.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.94 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 | Binance QNTXUSDT | 51.584 | 0.0894 | pay 0.0894% / 8h | 2h 11m | $814K | $916K | 10x |
| Short | SunX QNTX-USDT | 51.410 | 0 | get 0.0000% / 8h | 2h 11m | $1K | $467K | 10x |
Binance QNTXUSDT
SunX QNTX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$187.72
- Price spread: −0.337% → +0.014%
- −$35.05
- Slippage, 4 orders
- −$312.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$553.18
- Costs to cover
- 3.304%
- Break-even
- never at this rate
Slippage from Binance: live order book, 21 min ago; SunX: live order book, 59 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 Binance live order book, 21 min ago | 2.93 bp | 61.3 bp −$61 | 234.0 bp −$2,340 | doesn't fit | doesn't fit |
| Sell SunX live order book, 59 min ago | 49.57 bp | 128.2 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
QNTX on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster QNTXUSDT | 0.0000% | 8h | 51.473 | −0.214% | $10K | $23K | 20x | as long as short |
| Bybit QNTXUSDT | 0.0000% | 8h | 51.590 | +0.012% | $434K | $530K | 25x | as long as short |
| Gate QNTX_USDT | 0.0000% | 8h | 51.640 | +0.109% | $92K | $19K | 20x | as long as short |
| SunX QNTX-USDTshort | 0.0000% | 8h | 51.410 | −0.337% | $1K | $467K | 10x | |
| HTX QNTX-USDT | 0.0000% | 8h | 51.510 | −0.143% | $7K | $4K | 10x | as long as short |
| KuCoin QNTXUSDTM | +0.0312% | 8h | 51.380 | −0.395% | $87K | $40K | 20x | as long as short |
| GRVT QNTX_USDT_Perp | +0.0429% | 8h | 51.460 | −0.240% | $358 | $155K | 10x | as long as short |
| Variational Omni QNTX | +0.0612% | 8h | 51.402 | −0.353% | $57K | $8K | — | as long as short |
| Binance QNTXUSDTlong | +0.0894% | 8h | 51.584 | long leg | $814K | $916K | 10x |
Aster QNTXUSDT
Bybit QNTXUSDT
Gate QNTX_USDT
HTX QNTX-USDT
KuCoin QNTXUSDTM
GRVT QNTX_USDT_Perp
Variational Omni QNTX