Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.410 | 0 | 0.0000% / 8h | 40m 55s | $301K | $69K | 50x | Long Gate | |
| SHORT | 78.110 | 0 | 0.0000% / 1h | 40m 55s | $1.6M | $12.7M | 10x | Short QFEX |
Price gap−0.383%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$55 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$110.0000% /8h now · paid −0.107% over the last 5 days (all we have)
Price+$55spread −0.383% now, avg −0.932% → +0.550% if it goes back
Costs−$2482.481% 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 Gatenow
RANGE STATS · 7D
Now−0.383%
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 size118.1 / 5.6 bpAt $10k entering Gate costs 118.1 bp, fee and slippage, 20.9× QFEX’s.
- Note: Margin at max leverage$200 + $1,000Gate 50x, 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: $0.00Long Gate: 3 payments, $0.00; short QFEX: 24 payments, $0.00.
- OK: Entry gap works for you−0.383% vs −0.932%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$301K vs $1.6M OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · QFEX NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0070%/8h × 21 periods−$14.73
Price spread−0.383% → −0.932% (7d avg)+$54.96
Slippage, 4 orderslive order books−$223.09
Fee Gate bp × 2 orders−$15.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$207.85
Costs to cover2.481%Break-evennever at this rate
Slippage: Gate: live order book, 49 min ago; QFEX: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate27.33118.1 bp−$118doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX0.645.6 bp−$65.6 bp−$5611.2 bp−$1,122doesn’t fit
Closing costs about the same again.
| 09-24 13:06 | QFEX | Other | $TLT - iShares 20+ Year Treasury Bond ETF is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-24 11:58 | QFEX | Listing | new market TLT-USD ($TLT) seen by our collector |
| 09-21 13:32 | Bitget | Listing | new market TLTUSDT ($TLT) seen by our collector |
| 09-20 04:12 | HTX | Listing | New TradFi Futures Listing! 🚀 HTX adds CVXSTOCK/USDT and TLT/USDT perpetual futures with up to 20x leverage. Join HTX's Futures Trading Contest! @HTX_Global on X ↗ |
| 09-18 18:00 | Bybit | Listing | New TradFi Perpetual Contract Listing: $TLTUSDT, $SECZUSDT and $AMZUUSDT are now live on Bybit! 🚀 Trade $TLT: Trade $SECZ: Trade $AMZU: #Bybit #MakeYourMove @Bybit_Official on X ↗ |
| 09-18 13:45 | BloFin | Listing | BloFin Futures has listed the $APLD-USDT & $TLT-USDT Perpetual Contract 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |
Bitget
HTX
Bybit
BloFin