Funding you earn now, next payment 06:00 UTC−0.0910%/8h= −99.6% APRpaid last 24h 0.000%
Price spread now: QFEX against OKX−0.250%7-day average −0.311% · 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−$123as in the Price arb table
costs, in and out, $10k−$1301.295% of the position
Funding, last 1 day (all we have)0.000%$0 on $10k
+Price spread, last 1 day (all we have)−0.100%−$10 · spread now −0.250%, 7d avg −0.311%
=The price spread pays, funding is against you. QFEX is 0.061% dearer against OKX than usual: you sell high and buy low (spread −0.250% now, against its 7-day average of −0.311%): +$6 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 1 day (0.000% in total) that is about 15 months.
The current funding rate is far above what this pair has been paying: over the last 1 day it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TEM-USDT-SWAP | 78.135 | 0.0910 | pay 0.0910% / 8h | 2h 51m | $65K | $367K | 20x |
| Short | QFEX TEM-USD | 77.940 | 0.0000 | get 0.0000% / 1h | 51m 56s | $1.1M | $912K | 10x |
OKX TEM-USDT-SWAP
QFEX TEM-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
- −$191.06
- Price spread: −0.250% → −0.311%
- $6.11
- Slippage, 4 orders
- −$109.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$314.5
- Costs to cover
- 1.295%
- Break-even
- never at this rate
Slippage from OKX: live order book, 58 min ago; QFEX: live order book, 4 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, 58 min ago | 3.71 bp | 98.7 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 3.20 bp | 8.2 bp −$8 | 14.8 bp −$148 | doesn't fit | doesn't fit |
TEM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TEM/USDC PERP | −0.0220% | 1h | 70.310 | −10.015% | $7K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 78.040 | −0.122% | $363K | $838K | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 78.020 | −0.147% | $252K | $230K | 25x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 78.050 | −0.109% | $60K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 78.040 | −0.122% | $195K | $770K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 78.070 | −0.083% | $6K | $386K | 20x | as long as short |
| Phemex TEMUSDT | 0.0000% | 8h | 78.090 | −0.058% | $813K | $69K | 20x | as long as short |
| QFEX TEM-USDshort | 0.0000% | 1h | 77.940 | −0.250% | $1.1M | $912K | 10x | |
| OKX TEM-USDT-SWAPlong | +0.0910% | 8h | 78.135 | long leg | $65K | $367K | 20x |
Injective TEM/USDC PERP
Binance TEMUSDT
Bybit TEMUSDT
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
Phemex TEMUSDT