Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.880 | +0.0533 | pay 0.0533% / 8h | 7h 45m | $148K | $789K | 20x | Long KuCoin | |
| SHORT | 16.840 | 0 | 0.0000% / 1h | 45m 45s | $366K | $70K | 30x | Short QFEX |
Price gap−0.237%
Funding gap−0.0533% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 2.278% 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−$8−0.0533% /8h now · paid −0.082% over the last 4 days (all we have)
Price−$228spread −0.237% now, avg +2.041% → −2.278% if it goes back
Costs−$7287.279% 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 −0.082% in total, about −0.0063%/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 KuCoinnow
RANGE STATS · 7D
Now−0.237%
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 size291.6 / 31.6 bpAt $10k entering KuCoin costs 291.6 bp, fee and slippage, 9.2× QFEX’s.
- Note: Margin at max leverage$500 + $333KuCoin 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: −$15.99Long KuCoin: 3 payments, −$15.99; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.237% vs +2.041%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$148K vs $366K OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKuCoin Yes · QFEX NoStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0063%/8h × 21 periods−$13.33
Price spread−0.237% → +2.041% (7d avg)−$227.76
Slippage, 4 orderslive order books−$705.91
Fee KuCoin bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$969.00
Costs to cover7.279%Break-evennever at this rate
Slippage: KuCoin: live order book, 27 min ago; QFEX: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin8.85291.6 bp−$292doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.9631.6 bp−$32doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.