Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.022%
Price spread now: QFEX against KuCoin+0.036%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1851.854% of the position
Funding, last 3 days (all we have)−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.036%, 7d avg +0.010%
=The price spread pays, funding is against you. QFEX is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 3 days (−0.069% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WDCUSDTM | 448.85 | 0.0100 | pay 0.0100% / 8h | 15m 38s | $299K | $17K | 20x |
| Short | QFEX WDC-USD | 449.01 | 0.0069 | get 0.0009% / 1h | 15m 38s | $1.1M | $3.9M | 10x |
KuCoin WDCUSDTM
QFEX WDC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$6.48
- Price spread: +0.036% → +0.010%
- $2.54
- Slippage, 4 orders
- −$163.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$189.33
- Costs to cover
- 1.854%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 45 min ago; QFEX: live order book, 2 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 KuCoin live order book, 45 min ago | 16.58 bp | 112.3 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.45 bp | 6.4 bp −$6 | 9.9 bp −$99 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WDCUSDC | −0.0722% | 4h | 449.16 | +0.068% | $50K | $231K | 10x | as long as short |
| BloFin WDC-USDT | −0.0021% | 8h | 449.13 | +0.062% | $146K | $94K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 448.89 | +0.009% | $20K | $115K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 449.06 | +0.048% | $6K | $140K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 449.15 | +0.067% | $7.7M | $25.6M | 20x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 449.00 | +0.033% | $2.0M | $2.9M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 449.18 | +0.074% | $1.2M | $1.2M | 20x | as long as short |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 449.19 | +0.077% | $849 | $173K | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0032% | 8h | 449.27 | +0.094% | $2.2M | $4.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 448.70 | −0.033% | — | — | 10x | as long as short |
edgeX WDCUSDC
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
GRVT WDC_USDT_Perp
OKX WDC-USDT-SWAP
Lighter WDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WDCUSDT | +0.0063% | 8h | 449.25 | +0.089% | $1.9M | $803K | 25x | as long as short |
| QFEX WDC-USDshort | +0.0069% | 1h | 449.01 | +0.036% | $1.1M | $3.9M | 10x | |
| KuCoin WDCUSDTMlong | +0.0100% | 8h | 448.85 | long leg | $299K | $17K | 20x | |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 449.00 | +0.033% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 449.20 | +0.078% | — | $2.6M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 449.39 | +0.120% | $33K | $9K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0103% | 1h | 448.89 | +0.009% | $2.4M | $2.5M | 10x | as long as short |
Bybit WDCUSDT
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
tradeXYZ xyz:WDC