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 | 31m 00s | $369K | $59K | 30x | Long QFEX | |
| SHORT | 16.837 | +0.0628 | get 0.0628% / 8h | 5h 31m | $85K | $2K | 20x | Short Variational Omni+15% pts |
Price gap−0.019%
Funding gap+0.0628% /8h
Funding trade: +$19 a day on $10k at the current rate, before costs. The price gap is at zero (no 7-day history yet).
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—+0.0628% /8h now · no funding history yet
Price—spread −0.019% now · no price history on both exchanges yet
Costs−$2392.394% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.019%
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
2 ok · 3 to watch- Watch: Thin at this size68.8 / 44.2 bpAt $10k entering QFEX costs 68.8 bp, fee and slippage, 1.6× Variational Omni’s.
- Note: Margin at max leverage$333 + $500QFEX 30x, Variational Omni 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: +$18.85Long QFEX: 24 payments, $0.00; short Variational Omni: 3 payments, +$18.85.
- Note: No 7-day spread history−0.019%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$85K vs $369K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legQFEX No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$131.95
Price spread−0.019% → 0−$1.88
Slippage, 4 orderslive order books−$229.45
Fee QFEX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$109.37
Costs to cover2.394%Break-even12.8 days
Slippage: QFEX: live order book, 45 min ago; Variational Omni: RFQ quote, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.9668.8 bp−$69doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.6244.2 bp−$4476.5 bp−$765doesn’t fitdoesn’t fit
Closing costs about the same again.