Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.890 | 0 | 0.0000% / 1h | 28m 02s | $367K | $70K | 30x | Long QFEX | |
| SHORT | 16.970 | +0.0485 | get 0.0485% / 8h | 28m 02s | $148K | $748K | 20x | Short KuCoin |
Price gap+0.474%
Funding gap+0.0485% /8h
Both sides work: funding pays +$15 a day on $10k, and the gap is 2.498% above its 7d average: +$250 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.0485% /8h now · paid +0.024% over the last 4 days (all we have)
Price+$250spread +0.474% now, avg −2.024% → +2.498% if it goes back
Costs−$7427.420% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 4 days it paid +0.024% in total, about +0.0019%/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
KuCoin price against QFEXnow
RANGE STATS · 7D
Now+0.474%
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
1 ok · 4 to watch- Watch: Thin at this size25.6 / 363.9 bpAt $10k entering KuCoin costs 363.9 bp, fee and slippage, 14.2× QFEX’s.
- Note: Margin at max leverage$333 + $500QFEX 30x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$14.55Long QFEX: 24 payments, $0.00; short KuCoin: 3 payments, +$14.55.
- OK: Entry gap works for you+0.474% vs −2.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$148K vs $367K OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · KuCoin YesStandard 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+0.0019%/8h × 21 periods+$3.99
Price spread+0.474% → −2.024% (7d avg)+$249.79
Slippage, 4 orderslive order books−$720.01
Fee QFEX bp × 2 orders−$10.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$488.23
Costs to cover7.420%Break-even864.0 days
Slippage: QFEX: live order book, 56 min ago; KuCoin: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.9525.6 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin8.85363.9 bp−$364doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.