Funding you earn now, next payment 01:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.061%
Price spread now: QFEX against Gate−1.728%7-day average −0.821% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −1.728%, 7d avg −0.821%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.907% cheaper against Gate than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of −0.821%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VCX_USDT | 31.830 | 0.0200 | pay 0.0200% / 8h | 7h 10m | $158K | $2K | 20x |
| Short | QFEX VCX-USD | 31.280 | 0.0001 | get 0.0000% / 1h | 10m 29s | $1.1M | $141K | 10x |
Gate VCX_USDT
QFEX VCX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.88
- Price spread: −1.728% → −0.821%
- −$90.69
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$157.57
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 55 min ago; QFEX: live order book, 6 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 55 min ago | 243.90 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 81.79 bp | 130.7 bp −$131 | 145.9 bp −$1,459 | doesn't fit | doesn't fit |
VCX on 2 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX VCX-USDshort | +0.0001% | 1h | 31.280 | −1.728% | $1.1M | $141K | 10x | |
| Gate VCX_USDTlong | +0.0200% | 8h | 31.830 | long leg | $158K | $2K | 20x |