Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.920 | +0.0519 | pay 0.0519% / 8h | 1h 02m | $1.6M | $2.6M | 20x | Long Binance | |
| SHORT | 16.890 | 0 | 0.0000% / 1h | 2m 18s | $367K | $70K | 30x | Short QFEX |
Price gap−0.177%
Funding gap−0.0519% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 2.234% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0519% /8h now · paid −0.050% over the last 4 days (all we have)
Price−$223spread −0.177% now, avg +2.057% → −2.234% if it goes back
Costs−$940.945% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 4 days it paid −0.050% in total, about −0.0039%/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 Binancenow
RANGE STATS · 7D
Now−0.177%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUVXY on 15 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size21.0 / 25.6 bpAt $10k entering QFEX costs 25.6 bp, fee and slippage, 1.2× Binance’s.
- Note: Margin at max leverage$500 + $333Binance 20x, QFEX 30x. 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: −$15.56Long Binance: 3 payments, −$15.56; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.177% vs +2.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$367K vs $1.6M OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · QFEX NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0039%/8h × 21 periods−$8.21
Price spread−0.177% → +2.057% (7d avg)−$223.44
Slippage, 4 orderslive order books−$74.49
Fee Binance bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$326.13
Costs to cover0.945%Break-evennever at this rate
Slippage: Binance: live order book, 8 min ago; QFEX: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance5.9021.0 bp−$2166.3 bp−$663doesn’t fitdoesn’t fit
SELL · SHORTQFEX2.9525.6 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.