Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: QFEX against KuCoin0.000%7-day average −0.384% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$884as in the Price arb table
costs, in and out, $10k−$9229.220% of the position
Funding, last 4 days (all we have)−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now 0.000%, 7d avg −0.384%
=The price spread pays, funding is against you. QFEX is 0.384% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.384%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RDWUSDTM | 11.570 | 0.0100 | pay 0.0100% / 8h | 1h 28m | $296K | $634K | 20x |
| Short | QFEX RDW-USD | 11.570 | 0 | get 0.0000% / 1h | 28m 24s | $1.1M | $128K | 10x |
KuCoin RDWUSDTM
QFEX RDW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$21
- Price spread: 0.000% → −0.384%
- $38.39
- Slippage, 4 orders
- −$900.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$904.63
- Costs to cover
- 9.220%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; QFEX: live order book, 2 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 KuCoin live order book, 26 min ago | 4.32 bp | 506.7 bp −$507 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 4.32 bp | 26.5 bp −$26 | 26.6 bp −$266 | doesn't fit | doesn't fit |
RDW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit RDWUSDT | 0.0000% | 8h | 11.588 | +0.156% | $457K | $537K | 25x | as long as short |
| OKX RDW-USDT-SWAP | 0.0000% | 8h | 11.581 | +0.095% | $152K | $215K | 10x | as long as short |
| QFEX RDW-USDshort | 0.0000% | 1h | 11.570 | 0.000% | $1.1M | $128K | 10x | |
| Gate RDW_USDT | 0.0000% | 8h | 11.608 | +0.328% | $138K | $22K | 20x | as long as short |
| Bitget RDWUSDT | 0.0000% | 8h | 11.584 | +0.121% | $414K | $84K | 20x | as long as short |
| KuCoin RDWUSDTMlong | +0.0100% | 8h | 11.570 | long leg | $296K | $634K | 20x | |
| SunX RDW-USDT | +0.0100% | 8h | 11.595 | +0.216% | — | $2.3M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.677 | +0.925% | $16K | $40K | 10x | as long as short |
Bybit RDWUSDT
OKX RDW-USDT-SWAP
Gate RDW_USDT
Bitget RDWUSDT
SunX RDW-USDT
HTX RDW-USDT