Funding you earn now, next payment 04:00 UTC−0.0795%/8h= −87.1% APRpaid last 24h +0.064%
Price spread now: QFEX against edgeX−0.027%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.027%, 7d avg −0.005%
=Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and QFEX is 0.022% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.3% 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 | edgeX WDCUSDC | 451.33 | 0.0853 | pay 0.0426% / 4h | 19m 05s | $50K | $230K | 10x |
| Short | QFEX WDC-USD | 451.21 | 0.0058 | get 0.0007% / 1h | 19m 05s | $1.1M | $3.5M | 10x |
edgeX WDCUSDC
QFEX WDC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$166.95
- Price spread: −0.027% → −0.005%
- −$2.16
- Slippage, 4 orders
- −$16.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$204.7
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 38 min ago; QFEX: live order book, 4 min ago.
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 edgeX live order book, 38 min ago | 1.88 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.10 bp | 8.4 bp −$8 | 13.0 bp −$130 | doesn't fit | doesn't fit |
WDC on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster WDCUSDT | 0.0000% | 8h | 450.88 | −0.101% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 451.13 | −0.045% | $1.9M | $855K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 451.20 | −0.029% | $1.9M | $2.5M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 451.37 | +0.008% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.76 | −0.127% | — | — | 10x | as long as short |
| BloFin WDC-USDT | +0.0045% | 8h | 451.37 | +0.008% | $146K | $94K | 20x | as long as short |
| Extended WDC-USD | +0.0048% | 1h | 451.16 | −0.038% | $6K | $132K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 451.01 | −0.071% | $2.4M | $2.1M | 10x | as long as short |
| Binance WDCUSDT | +0.0051% | 8h | 451.31 | −0.005% | $7.5M | $24.7M | 20x | as long as short |
| QFEX WDC-USDshort | +0.0058% | 1h | 451.21 | −0.027% | $1.1M | $3.5M | 10x |
Aster WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Lighter WDC
BloFin WDC-USDT
Extended WDC-USD
tradeXYZ xyz:WDC
Binance WDCUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.99 | −0.076% | $277K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 451.07 | −0.058% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.50 | +0.037% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.55 | +0.048% | $33K | $8K | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0148% | 8h | 451.52 | +0.042% | $2.2M | $3.9M | 20x | as long as short |
| GRVT WDC_USDT_Perp | +0.0184% | 8h | 451.42 | +0.020% | $542 | $156K | 10x | as long as short |
| edgeX WDCUSDClong | +0.0853% | 4h | 451.33 | long leg | $50K | $230K | 10x |
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
OKX WDC-USDT-SWAP
GRVT WDC_USDT_Perp