Funding you earn now, next payment 23:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.041%
Price spread now: Gate against QFEX+1.877%7-day average +0.791% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.281%−$28 · spread now +1.877%, 7d avg +0.791%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 1.086% dearer against QFEX than usual: you sell high and buy low: +$109 more if the spread goes back to its 7-day average of +0.791%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.041% in total (about 4.5% 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 | QFEX VCX-USD | 30.900 | 0 | get 0.0000% / 1h | 31m 30s | $1.1M | $137K | 10x |
| Short | Gate VCX_USDT | 31.480 | 0.0200 | get 0.0200% / 8h | 1h 31m | $156K | $2K | 20x |
QFEX VCX-USD
Gate VCX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against QFEX. 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
- $42
- Price spread: +1.877% → +0.791%
- $108.58
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $125.58
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 4 min ago; Gate: live order book, 44 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 QFEX live order book, 4 min ago | 255.66 bp | 292.9 bp −$293 | 301.2 bp −$3,012 | doesn't fit | doesn't fit |
| Sell Gate live order book, 44 min ago | 123.46 bp | 582.5 bp −$583 | doesn't fit | 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-USDlong | 0.0000% | 1h | 30.900 | long leg | $1.1M | $137K | 10x | |
| Gate VCX_USDTshort | +0.0200% | 8h | 31.480 | +1.877% | $156K | $2K | 20x |