Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.460 | 0 | 0.0000% / 1h | 50m 36s | $2.2M | $98K | 10x | Long QFEX | |
| SHORT | 15.494 | 0 | 0.0000% / 8h | 5h 50m | — | $733K | 10x | Short SunX≤10% back |
Price gap+0.220%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 10 hours (all we have)
Price+$11spread +0.220% now, avg +0.115% → +0.105% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$11+0.11%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
SunX price against QFEXnow
RANGE STATS · 7D
Now+0.220%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSECZ on 7 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + $1,000QFEX 10x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long QFEX: 24 payments, $0.00; short SunX: 3 payments, $0.00.
- OK: Entry gap works for you+0.220% vs +0.115%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner— vs $2.2M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legQFEX No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0001%/8h × 21 periods−$0.23
Price spread+0.220% → +0.115% (7d avg)+$10.52
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee QFEX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: QFEX: live order book, 7 min ago; SunX: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX6.4724.3 bp−$2426.0 bp−$260doesn’t fitdoesn’t fit
SELL · SHORTSunX496.85doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 10:43 | SunX | Listing | new market SECZ-USDT ($SECZ) seen by our collector |
| 09-29 10:10 | HTX | Listing | new market SECZ-USDT ($SECZ) seen by our collector |
| 09-29 10:05 | Binance | Listing | new market SECZUSDT ($SECZ) seen by our collector |
| 09-24 03:00 | Gate | Listing | new market SECZ_USDT ($SECZ) seen by our collector |
| 09-21 16:00 | QFEX | Other | $SECZ - Securitize Corp. is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-21 13:32 | Bitget | Listing | new market SECZUSDT ($SECZ) seen by our collector |
HTX
Binance
Gate
Bitget