Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.214%
Price spread now: QFEX against KuCoin−2.317%7-day average +0.844% · 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−$2,088as in the Price arb table
costs, in and out, $10k−$1,77217.720% of the position
Funding, last 4 days (all we have)−0.310%−$31 on $10k
+Price spread, last 4 days (all we have)+2.240%+$224 · spread now −2.317%, 7d avg +0.844%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 3.161% cheaper against KuCoin than usual: you would sell low and buy high (−$316 if the spread goes back to its 7-day average of +0.844%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SHAZUSDTM | 59.550 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $83K | $340K | 20x |
| Short | QFEX SHAZ-USD | 58.170 | 0.0000 | get 0.0000% / 1h | 46m 12s | $1.1M | $1.5M | 10x |
KuCoin SHAZUSDTM
QFEX SHAZ-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
- −$20.95
- Price spread: −2.317% → +0.844%
- −$316.13
- Slippage, 4 orders
- −$1,749.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$2,109.03
- Costs to cover
- 17.720%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; QFEX: live order book, 5 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, 11 min ago | 14.31 bp | 384.3 bp −$384 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.68 bp | 63.3 bp −$63 | 65.3 bp −$653 | doesn't fit | doesn't fit |
SHAZ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SHAZ | −0.1207% | 1h | 59.573 | +0.039% | $1.3M | $254K | 10x | as long as short |
| edgeX SHAZUSDC | −0.0989% | 4h | 59.575 | +0.041% | $17K | $291K | 10x | as long as short |
| Binance SHAZUSDT | −0.0001% | 8h | 59.574 | +0.040% | $498K | $1.6M | 10x | as long as short |
| Bybit SHAZUSDT | 0.0000% | 8h | 59.610 | +0.101% | $156K | $217K | 25x | as long as short |
| OKX SHAZ-USDT-SWAP | 0.0000% | 8h | 59.520 | −0.050% | $446K | $243K | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 59.600 | +0.084% | $185K | $37K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 59.610 | +0.101% | $201K | $138K | 20x | as long as short |
| Variational Omni SHAZ | 0.0000% | 8h | 59.565 | +0.024% | $20K | $29K | — | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 59.389 | −0.270% | $6K | $39K | 10x | as long as short |
| QFEX SHAZ-USDshort | 0.0000% | 1h | 58.170 | −2.317% | $1.1M | $1.5M | 10x |
tradeXYZ xyz:SHAZ
edgeX SHAZUSDC
Binance SHAZUSDT
Bybit SHAZUSDT
OKX SHAZ-USDT-SWAP
Gate SHAZ_USDT
Bitget SHAZUSDT
Variational Omni SHAZ
HTX SHAZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SHAZUSDTMlong | +0.0100% | 8h | 59.550 | long leg | $83K | $340K | 20x |