Funding you earn now, next payment 11:00 UTC+0.1079%/8h= +118.1% APRpaid last 24h +0.073%
Price spread now: OKX against QFEX+1.044%7-day average +1.279% · 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−$857as in the Price arb table
costs, in and out, $10k−$8338.333% of the position
Funding, last 4 days (all we have)+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−1.001%−$100 · spread now +1.044%, 7d avg +1.279%
=Funding pays, the price is against you. OKX is 0.234% cheaper against QFEX than usual: you would sell low and buy high (spread +1.044% now, against its 7-day average of +1.279%). If the spread goes back, that is −$23 on $10k: about 17 hours of funding at the current rate (+$32 a day). At the pace of the last 4 days (+0.168% in total) that is about 5.4 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 15.9% 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 | QFEX RIOT-USD | 23.940 | 0 | get 0.0000% / 1h | 4m 09s | $1.6M | $811K | 10x |
| Short | OKX RIOT-USDT-SWAP | 24.190 | 0.1079 | get 0.1079% / 8h | 5h 04m | $78K | $141K | 10x |
QFEX RIOT-USD
OKX RIOT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $226.57
- Price spread: +1.044% → +1.279%
- −$23.43
- Slippage, 4 orders
- −$813.33
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$630.19
- Costs to cover
- 8.333%
- Break-even
- 26.5 days
Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 39 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, 6 min ago | 229.74 bp | 301.2 bp −$301 | 305.5 bp −$3,055 | doesn't fit | doesn't fit |
| Sell OKX live order book, 39 min ago | 8.26 bp | 135.1 bp −$135 | doesn't fit | 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 | 24.040 | +0.418% | $165K | $73K | 25x | as long as short |
| QFEX RIOT-USDlong | 0.0000% | 1h | 23.940 | long leg | $1.6M | $811K | 10x | |
| Extended RIOT-USD | +0.0040% | 1h | 24.011 | +0.297% | $478 | $498 | 5x | as long as short |
| OKX RIOT-USDT-SWAPshort | +0.1079% | 8h | 24.190 | +1.044% | $78K | $141K | 10x |
Bybit RIOTUSDT
Extended RIOT-USD