Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.543 | 0 | 0.0000% / 1h | 44m 04s | — | $818K | 10x | Long SunX≤10% back | |
| SHORT | 78.470 | 0 | 0.0000% / 1h | 44m 04s | $1.5M | $11.9M | 10x | Short QFEX |
Price gap−0.093%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.050% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 6 days (all we have)
Price−$5spread −0.093% now, avg −0.043% → −0.050% if it goes back
Costs−$2752.753% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.093%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTLT on 10 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size125.1 / 11.9 bpAt $10k entering SunX costs 125.1 bp, fee and slippage, 10.5× QFEX’s.
- Note: Margin at max leverage$1,000 + $1,000SunX 10x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long SunX: 24 payments, $0.00; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.093% vs −0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner— vs $1.5M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods+$0.01
Price spread−0.093% → −0.043% (7d avg)−$5.04
Slippage, 4 orderslive order books−$247.31
Fee SunX bp × 2 orders−$8.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$280.35
Costs to cover2.753%Break-even286517.1 days
Slippage: SunX: live order book, 30 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX107.47125.1 bp−$125doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX1.9111.9 bp−$1212.2 bp−$12220.3 bp−$2,033doesn’t fit
Closing costs about the same again.
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