Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Phemex−0.192%7-day average −0.725% · 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−$38as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.192%, 7d avg −0.725%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.533% dearer against Phemex than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of −0.725%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TEMUSDT | 78.090 | 0 | get 0.0000% / 8h | 2h 50m | $813K | $69K | 20x |
| Short | QFEX TEM-USD | 77.940 | 0.0000 | get 0.0000% / 1h | 50m 45s | $1.1M | $910K | 10x |
Phemex TEMUSDT
QFEX TEM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phemex. 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
- $0.02
- Price spread: −0.192% → −0.725%
- $53.33
- Slippage, 4 orders
- −$68.94
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$37.59
- Costs to cover
- 0.909%
- Break-even
- 15671.0 days
Slippage from Phemex: live order book, 62 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 Phemex live order book, 62 min ago | 0.64 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 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 | −9.963% | $7K | $28K | 12x | as long as short |
| Binance TEMUSDT | 0.0000% | 8h | 78.040 | −0.064% | $363K | $838K | 20x | as long as short |
| Bybit TEMUSDT | 0.0000% | 8h | 78.020 | −0.090% | $252K | $230K | 25x | as long as short |
| Gate TEM_USDT | 0.0000% | 8h | 78.050 | −0.051% | $60K | $9K | 20x | as long as short |
| Bitget TEMUSDT | 0.0000% | 8h | 78.040 | −0.064% | $195K | $770K | 20x | as long as short |
| HTX TEM-USDT | 0.0000% | 8h | 78.070 | −0.026% | $6K | $386K | 20x | as long as short |
| Phemex TEMUSDTlong | 0.0000% | 8h | 78.090 | long leg | $813K | $69K | 20x | |
| QFEX TEM-USDshort | 0.0000% | 1h | 77.940 | −0.192% | $1.1M | $910K | 10x | |
| OKX TEM-USDT-SWAP | +0.0916% | 8h | 78.135 | +0.058% | $65K | $367K | 20x | as long as short |
Injective TEM/USDC PERP
Binance TEMUSDT
Bybit TEMUSDT
Gate TEM_USDT
Bitget TEMUSDT
HTX TEM-USDT
OKX TEM-USDT-SWAP