Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against QFEX+0.086%7-day average +0.387% · 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−$860as in the Price arb table
costs, in and out, $10k−$8308.304% of the position
Funding, last 4 days (all we have)+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.086%, 7d avg +0.387%
=Funding pays, the price is against you. KuCoin is 0.301% cheaper against QFEX than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.387%). If the spread goes back, that is −$30 on $10k: about 10 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX RDW-USD | 11.570 | 0 | get 0.0000% / 1h | 2m 56s | $1.1M | $129K | 10x |
| Short | KuCoin RDWUSDTM | 11.580 | 0.0100 | get 0.0100% / 8h | 2h 02m | $298K | $642K | 20x |
QFEX RDW-USD
KuCoin RDWUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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: +0.086% → +0.387%
- −$30.08
- Slippage, 4 orders
- −$808.36
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$839.44
- Costs to cover
- 8.304%
- Break-even
- 286.8 days
Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 56 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 QFEX live order book, 2 min ago | 4.32 bp | 26.5 bp −$26 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 17.29 bp | 326.7 bp −$327 | doesn't fit | 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 | 11.615 | +0.389% | $458K | $538K | 25x | as long as short |
| OKX RDW-USDT-SWAP | 0.0000% | 8h | 11.609 | +0.337% | $152K | $217K | 10x | as long as short |
| QFEX RDW-USDlong | 0.0000% | 1h | 11.570 | long leg | $1.1M | $129K | 10x | |
| Gate RDW_USDT | 0.0000% | 8h | 11.608 | +0.328% | $138K | $22K | 20x | as long as short |
| Bitget RDWUSDT | 0.0000% | 8h | 11.587 | +0.147% | $414K | $84K | 20x | as long as short |
| KuCoin RDWUSDTMshort | +0.0100% | 8h | 11.580 | +0.086% | $298K | $642K | 20x | |
| SunX RDW-USDT | +0.0100% | 8h | 11.584 | +0.121% | — | $2.3M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.787 | +1.876% | $17K | $40K | 10x | as long as short |
Bybit RDWUSDT
OKX RDW-USDT-SWAP
Gate RDW_USDT
Bitget RDWUSDT
SunX RDW-USDT
HTX RDW-USDT