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
LONGtradeXYZxyz:TLT80.100+0.0642pay 0.0080% / 1h55m 57s$747K$396K20xLong tradeXYZ
SHORTQFEXTLT-USD79.9900get 0.0000% / 1h55m 57s$503K$899K10xShort QFEX
Price gap−0.137%
Funding gap−0.0642% /8h

Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.226% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0−0.0642% /8h now · paid +0.004% over the last 2 hours (all we have)
Price−$23spread −0.137% now, avg +0.088% → −0.226% if it goes back
Costs−$660.661% of $10k · taker + slippage, in and out
Result−$88−0.88%+ 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 +0.004% in total, about +0.0151%/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

QFEX price against tradeXYZnow
RANGE STATS · 7D
Now−0.137%
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 size26.8 / 6.2 bp
    At $10k tradeXYZ’s book costs 26.8 bp to enter, 4.3× QFEX’s.
  • Note: Margin at max leverage$500 + $1,000
    tradeXYZ 20x, QFEX 10x. 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: −$19.25Long tradeXYZ: 24 payments, −$19.25; short QFEX: 24 payments, $0.00.
  • Watch: Gap narrower than usual−0.137% vs +0.088%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$503K vs $747K 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 legtradeXYZ No · QFEX 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+0.0151%/8h × 21 periods+$31.61
Price spread−0.137% → +0.088% (7d avg)−$22.56
Slippage, 4 orderslive order books−$38.06
Fee tradeXYZ bp × 2 orders−$18.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$57.01
Costs to cover0.661%Break-even19.6 days
Slippage: tradeXYZ: live order book, 37 min ago; QFEX: live order book, 40 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGtradeXYZ17.7226.8 bp−$2727.2 bp−$272doesn’t fitdoesn’t fit
SELL · SHORTQFEX1.256.2 bp−$66.2 bp−$6210.9 bp−$1,089doesn’t fit

Closing costs about the same again.

Alert

Measured