Funding you earn now, next payment 06:00 UTC−0.0560%/8h= −61.3% APRpaid last 24h −0.119%
Price spread now: QFEX against KuCoin−0.244%7-day average −0.161% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.244%, 7d avg −0.161%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and QFEX is 0.084% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.161%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.199% in total (about -19.9% 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 | KuCoin XOMUSDTM | 159.59 | 0.0562 | pay 0.0562% / 8h | 2h 04m | $42K | $331K | 10x |
| Short | QFEX XOM-USD | 159.20 | 0.0002 | get 0.0000% / 1h | 4m 47s | $1.1M | $1.7M | 10x |
KuCoin XOMUSDTM
QFEX XOM-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
- −$117.65
- Price spread: −0.244% → −0.161%
- −$8.38
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$148.03
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 45 min ago; QFEX: live order book, 2 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 KuCoin live order book, 45 min ago | 36.50 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.20 bp | 15.3 bp −$15 | 19.7 bp −$197 | doesn't fit | doesn't fit |
XOM on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XOMUSDT | 0.0000% | 8h | 159.88 | +0.182% | $221K | $20.2M | 50x | as long as short |
| OKX XOM-USDT-SWAP | 0.0000% | 8h | 159.67 | +0.050% | $71K | $194K | 20x | as long as short |
| Gate XOM_USDT | 0.0000% | 8h | 159.51 | −0.050% | $106K | $10K | 20x | as long as short |
| Bitget XOMUSDT | 0.0000% | 8h | 159.24 | −0.219% | $282K | $178K | 50x | as long as short |
| QFEX XOM-USDshort | +0.0002% | 1h | 159.20 | −0.244% | $1.1M | $1.7M | 10x | |
| BloFin XOM-USDT | +0.0004% | 8h | 159.61 | +0.013% | $48K | $18K | 20x | as long as short |
| HTX XOM-USDT | +0.0100% | 8h | 159.20 | −0.244% | $380 | $327K | 20x | as long as short |
| KuCoin XOMUSDTMlong | +0.0562% | 8h | 159.59 | long leg | $42K | $331K | 10x |
Bybit XOMUSDT
OKX XOM-USDT-SWAP
Gate XOM_USDT
Bitget XOMUSDT
BloFin XOM-USDT
HTX XOM-USDT