Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

XLF

RWAAll XLF markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
QFEXXLF-USD
53.93000.0000% / 1h41m 01s$1.1M$1.1M30xLong QFEX
SHORT
BingXNCSKXLF2USD-USDT
53.960+0.0050get 0.0050% / 8h1h 41m$931K$1.7M—Short BingX
Price gap+0.056%
Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.694% under its 7d average: −$69 if it goes back, about 46 days of funding. At the last 7 days' pace that is about 17 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$28+0.0050% /8h now · paid +0.284% over the last 7D
Price−$69spread +0.056% now, avg +0.750% → −0.694% if it goes back
Costs−$4424.416% of $10k · taker + slippage, in and out
Result−$483−4.83%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.056%
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

/8h

XLF on 4 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size87.5 / 126.6 bp
    At $10k entering BingX costs 126.6 bp, fee and slippage, 1.4× QFEX’s.
  • Note: Margin at max leverage$333 + —
    QFEX 30x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$1.50Long QFEX: 24 payments, $0.00; short BingX: 3 payments, +$1.50.
  • Watch: Gap narrower than usual+0.056% vs +0.750%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$931K vs $1.1M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCQFEX No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0135%/8h × 21 periods+$28.43
Price spread+0.056% → +0.750% (7d avg)−$69.45
Slippage, 4 orderslive order books−$421.63
Fee QFEX bp × 2 orders−$10.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$482.65
Costs to cover4.416%Break-even125.8 days
Slippage: QFEX: live order book, 9 min ago; BingX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGQFEX78.8087.5 bp−$8788.6 bp−$886doesn’t fitdoesn’t fit
SELL · SHORTBingX12.05126.6 bp−$127690.6 bp−$6,906881.8 bp−$88.2K1157.6 bp−$578.8K

Closing costs about the same again.

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