Funding you earn now, next payment 12:00 UTC−0.0937%/8h= −102.6% APRpaid last 24h −0.073%
Price spread now: QFEX against OKX−0.125%7-day average −1.276% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$4824.820% of the position
Funding, last 4 days (all we have)−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.125%, 7d avg −1.276%
=The price spread pays, funding is against you. QFEX is 1.151% dearer against OKX than usual: you sell high and buy low (spread −0.125% now, against its 7-day average of −1.276%): +$115 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 4 days (−0.168% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.168% in total (about -15.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RIOT-USDT-SWAP | 24.030 | 0.0937 | pay 0.0937% / 8h | 4h 29m | $78K | $141K | 10x |
| Short | QFEX RIOT-USD | 24.000 | 0 | get 0.0000% / 1h | 29m 00s | $1.6M | $788K | 10x |
OKX RIOT-USDT-SWAP
QFEX RIOT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$196.77
- Price spread: −0.125% → −1.276%
- $115.11
- Slippage, 4 orders
- −$461.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$563.64
- Costs to cover
- 4.820%
- Break-even
- never at this rate
Slippage from OKX: live order book, 9 min ago; QFEX: live order book, 10 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, 9 min ago | 10.41 bp | 128.6 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 10 min ago | 79.17 bp | 121.5 bp −$121 | 126.1 bp −$1,261 | doesn't fit | doesn't fit |
RIOT on 4 exchanges
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 RIOTUSDT | 0.0000% | 8h | 23.980 | −0.208% | $164K | $72K | 25x | as long as short |
| QFEX RIOT-USDshort | 0.0000% | 1h | 24.000 | −0.125% | $1.6M | $788K | 10x | |
| Extended RIOT-USD | +0.0040% | 1h | 24.045 | +0.062% | $480 | — | 5x | as long as short |
| OKX RIOT-USDT-SWAPlong | +0.0937% | 8h | 24.030 | long leg | $78K | $141K | 10x |
Bybit RIOTUSDT
Extended RIOT-USD