Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.840 | 0 | 0.0000% / 1h | 28m 08s | $369K | $59K | 30x | Long QFEX | |
| SHORT | 16.820 | +0.0737 | get 0.0737% / 8h | 5h 28m | $869K | $141K | 20x | Short MEXC |
Price gap−0.119%
Funding gap+0.0737% /8h
Both sides work: funding pays +$22 a day on $10k, and the gap is 1.728% above its 7d average: +$173 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13+0.0737% /8h now · paid +0.127% over the last 5 days (all we have)
Price+$173spread −0.119% now, avg −1.847% → +1.728% if it goes back
Costs−$1901.900% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.127% in total, about +0.0089%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.119%
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
1 ok · 4 to watch- Watch: Thin at this size68.8 / 24.5 bpAt $10k entering QFEX costs 68.8 bp, fee and slippage, 2.8× MEXC’s.
- Note: Margin at max leverage$333 + $500QFEX 30x, MEXC 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: +$22.11Long QFEX: 24 payments, $0.00; short MEXC: 3 payments, +$22.11.
- OK: Entry gap works for you−0.119% vs −1.847%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$369K vs $869K OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · MEXC YesKYC 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+0.0089%/8h × 21 periods+$18.79
Price spread−0.119% → −1.847% (7d avg)+$172.82
Slippage, 4 orderslive order books−$179.99
Fee QFEX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k+$1.62
Costs to cover1.900%Break-even6.4 days
Slippage: QFEX: live order book, 48 min ago; MEXC: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.9668.8 bp−$69doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC17.8424.5 bp−$2455.1 bp−$551158.8 bp−$15.9K262.2 bp−$131.1K
Closing costs about the same again.