Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.860 | 0 | 0.0000% / 8h | 2h 28m | $1.3M | $161K | 10x | Long Phemex | |
| SHORT | 16.830 | 0 | 0.0000% / 1h | 28m 52s | $370K | $59K | 30x | Short QFEX |
Price gap−0.178%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 1.960% under its 7d average: the price leg works against you, −$196 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 5 days (all we have)
Price−$196spread −0.178% now, avg +1.782% → −1.960% if it goes back
Costs−$2052.047% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.178%
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 size63.2 / 34.8 bpAt $10k entering Phemex costs 63.2 bp, fee and slippage, 1.8× QFEX’s.
- Note: Margin at max leverage$1,000 + $333Phemex 10x, 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: $0.00Long Phemex: 3 payments, $0.00; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.178% vs +1.782%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 $1.3M OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · QFEX NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods+$0.01
Price spread−0.178% → +1.782% (7d avg)−$196.00
Slippage, 4 orderslive order books−$182.74
Fee Phemex bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$400.74
Costs to cover2.047%Break-even381457.1 days
Slippage: Phemex: live order book, 1 min ago; QFEX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex8.8863.2 bp−$63doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX5.9634.8 bp−$35doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.