Settings8H · net · $10k
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
Funding arb · Price arb / RWA

TLT

RWAAll TLT markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONGQFEXTLT-USD79.7800get 0.0000% / 1h6m 38s$497K$908K10xLong QFEX
SHORTtradeXYZxyz:TLT79.730+0.0262get 0.0033% / 1h6m 38s$885K$582K20xShort tradeXYZ
Price gap−0.063%
Funding gap+0.0262% /8h

Funding pays +$8 a day on $10k, but the gap is 0.075% under its 7d average: −$8 if it goes back, about 23 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0+0.0262% /8h now · paid −0.001% over the last 3 hours (all we have)
Price−$8spread −0.063% now, avg +0.013% → −0.075% if it goes back
Costs−$510.510% of $10k · taker + slippage, in and out
Result−$59−0.59%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 0 days it paid −0.001% in total, about −0.0018%/8h on average.

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

tradeXYZ price against QFEXnow
RANGE STATS · 7D
Now−0.063%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TLT on 9 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size6.3 / 22.2 bp
    At $10k tradeXYZ’s book costs 22.2 bp to enter, 3.5× QFEX’s.
  • Note: Margin at max leverage$1,000 + $500
    QFEX 10x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$7.86Long QFEX: 24 payments, $0.00; short tradeXYZ: 24 payments, +$7.86.
  • Watch: Gap narrower than usual−0.063% vs +0.013%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$497K vs $885K OI
    QFEX sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • OK: No KYC on either legQFEX No · tradeXYZ No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0018%/8h × 21 periods−$3.86
Price spread−0.063% → +0.013% (7d avg)−$7.53
Slippage, 4 orderslive order books−$23.00
Fee QFEX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$62.39
Costs to cover0.510%Break-evennever at this rate
Slippage: QFEX: live order book, 16 min ago; tradeXYZ: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGQFEX1.256.3 bp−$66.3 bp−$6312.2 bp−$1,220doesn’t fit
SELL · SHORTtradeXYZ7.2622.2 bp−$22doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

Measured