Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.610 | +0.1393 | pay 0.1393% / 8h | 1h 58m | $352K | $65K | 25x | Long Bybit | |
| SHORT | 78.400 | 0 | 0.0000% / 1h | 58m 21s | $1.4M | $11.4M | 10x | Short QFEX |
Price gap−0.267%
Funding gap−0.1393% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $42 a day and eats that in about 7 hours. At the last 7 days' pace that is about 15 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$98−0.1393% /8h now · paid −0.977% over the last 5 days (all we have)
Price+$12spread −0.267% now, avg −0.389% → +0.122% if it goes back
Costs−$2062.057% of $10k · taker + slippage, in and out
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
QFEX price against Bybitnow
RANGE STATS · 7D
Now−0.267%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTLT on 9 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size80.3 / 7.6 bpAt $10k entering Bybit costs 80.3 bp, fee and slippage, 10.6× QFEX’s.
- Note: Margin at max leverage$400 + $1,000Bybit 25x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$41.80Long Bybit: 3 payments, −$41.80; short QFEX: 24 payments, $0.00.
- OK: Entry gap works for you−0.267% vs −0.389%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$352K vs $1.4M OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · QFEX NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0646%/8h × 21 periods−$135.67
Price spread−0.267% → −0.389% (7d avg)+$12.16
Slippage, 4 orderslive order books−$184.72
Fee Bybit bp × 2 orders−$11.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$329.23
Costs to cover2.057%Break-evennever at this rate
Slippage: Bybit: live order book, 31 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit12.6980.3 bp−$80doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.557.6 bp−$87.6 bp−$7613.5 bp−$1,352doesn’t fit
Closing costs about the same again.
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