Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.810 | +0.0518 | pay 0.0518% / 8h | 6h 12m | $868K | $149K | 20x | Long MEXC | |
| SHORT | 16.890 | −0.0001 | 0.0000% / 1h | 12m 39s | $370K | $59K | 30x | Short QFEX |
Price gap+0.476%
Funding gap−0.0519% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 1.422% 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−$13−0.0519% /8h now · paid −0.127% over the last 5 days (all we have)
Price−$142spread +0.476% now, avg +1.898% → −1.422% if it goes back
Costs−$1901.900% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 5 days it paid −0.127% in total, about −0.0090%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.476%
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
/8hUVXY on 16 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size29.6 / 67.1 bpAt $10k entering QFEX costs 67.1 bp, fee and slippage, 2.3× MEXC’s.
- Note: Margin at max leverage$500 + $333MEXC 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: −$15.57Long MEXC: 3 payments, −$15.54; short QFEX: 24 payments, −$0.03.
- Watch: Gap narrower than usual+0.476% vs +1.898%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$370K vs $868K OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · QFEX NoKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0090%/8h × 21 periods−$18.91
Price spread+0.476% → +1.898% (7d avg)−$142.23
Slippage, 4 orderslive order books−$179.99
Fee MEXC bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$351.13
Costs to cover1.900%Break-evennever at this rate
Slippage: MEXC: live order book, 5 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC17.8429.6 bp−$3060.4 bp−$604190.8 bp−$19.1Kdoesn’t fit
SELL · SHORTQFEX2.9667.1 bp−$67doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.