Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,237.7 | 0 | 0.0000% / 1h | 53m 46s | $2.2M | $2.9M | 10x | Long QFEX10% back | |
| SHORT | 1,237.7 | +0.0050 | get 0.0006% / 1h | 53m 46s | $224K | $136K | 10x | Short Backpack |
Price gap−0.002%57s
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.025% under its 7d average: −$2 if it goes back, about 39 hours of funding. At the last 7 days' pace that is about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$55+0.0050% /8h now · paid +0.550% over the last 7D
Price—spread −0.002%57s now · prices read too far apart to compare
Costs−$400.403% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.002%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSNDK on 45 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books10.4 / 5.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000QFEX 10x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$1.50Long QFEX: 24 payments, $0.00; short Backpack: 24 payments, +$1.50.
- Watch: Prices read 57 s apart−0.002% vs +0.023%Part of this gap may be the market moving.
- Watch: Short leg is thinner$224K vs $2.2M OIBackpack sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0262%/8h × 21 periods+$54.97
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.30
Fee QFEX bp × 2 orders−$20.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$14.67
price spread not counted: prices read too far apartCosts to cover0.403%Break-even5.1 days
Slippage: QFEX: live order book, 11 min ago; Backpack: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX0.0410.4 bp−$1012.5 bp−$12517.7 bp−$1,772doesn’t fit
SELL · SHORTBackpack0.045.0 bp−$550.3 bp−$503doesn’t fitdoesn’t fit
Closing costs about the same again.
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