Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.880 | +0.0070 | pay 0.0070% / 8h | 1h 20m | $1.4M | $296K | 25x | Long Bybit | |
| SHORT | 16.860 | 0 | 0.0000% / 1h | 20m 49s | $258K | $61K | 30x | Short QFEX |
Price gap−0.118%53s
Funding gap−0.0070% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 2.244% under its 7d average. Swap the legs.
The two prices were read 53 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0070% /8h now · paid −0.018% over the last 4 days (all we have)
Price—spread −0.118%53s now · prices read too far apart to compare
Costs−$2182.179% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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 Bybitnow
RANGE STATS · 7D
Now−0.118%
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 size100.2 / 8.0 bpAt $10k entering Bybit costs 100.2 bp, fee and slippage, 12.6× QFEX’s.
- Note: Margin at max leverage$400 + $333Bybit 25x, 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: −$2.10Long Bybit: 3 payments, −$2.10; short QFEX: 24 payments, $0.00.
- Watch: Prices read 53 s apart−0.118% vs +2.125%Part of this gap may be the market moving.
- Watch: Short leg is thinner$258K vs $1.4M OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · QFEX NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0016%/8h × 21 periods−$3.29
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$196.91
Fee Bybit bp × 2 orders−$11.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$221.20
price spread not counted: prices read too far apartCosts to cover2.179%Break-evennever at this rate
Slippage: Bybit: live order book, 5 min ago; QFEX: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit5.92100.2 bp−$100218.3 bp−$2,183doesn’t fitdoesn’t fit
SELL · SHORTQFEX2.968.0 bp−$819.5 bp−$195doesn’t fitdoesn’t fit
Closing costs about the same again.