Funding you earn now, next payment 05:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.037%
Price spread now: QFEX against OKX−0.151%7-day average −0.048% · 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−$170as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 4 days (all we have)−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.151%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and QFEX is 0.104% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BB-USDT-SWAP | 8.5830 | 0.0362 | pay 0.0362% / 8h | 3h 16m | $214K | $528K | 20x |
| Short | QFEX BB-USD | 8.5700 | 0.0240 | get 0.0030% / 1h | 16m 36s | $1.1M | $195K | 10x |
OKX BB-USDT-SWAP
QFEX BB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against OKX. 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
- −$25.58
- Price spread: −0.151% → −0.048%
- −$10.38
- Slippage, 4 orders
- −$140.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$196.02
- Costs to cover
- 1.601%
- Break-even
- never at this rate
Slippage from OKX: live order book, 34 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 OKX live order book, 34 min ago | 12.77 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 5.84 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended BB-USD | −0.0848% | 1h | 8.5869 | +0.045% | $9K | $21K | 10x | as long as short |
| tradeXYZ xyz:BB | −0.0844% | 1h | 8.5879 | +0.057% | $10.8M | $3.1M | 10x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5730 | −0.117% | $50K | $22K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.151% | — | $875 | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5496 | −0.389% | $492K | $460K | 10x | as long as short |
| QFEX BB-USDshort | +0.0240% | 1h | 8.5700 | −0.151% | $1.1M | $195K | 10x | |
| OKX BB-USDT-SWAPlong | +0.0362% | 8h | 8.5830 | long leg | $214K | $528K | 20x | |
| MEXC BBSTOCK_USDT | +0.0649% | 8h | 8.5700 | −0.151% | $311K | $108K | 50x | as long as short |
| Lighter BB | +0.1104% | 1h | 8.5942 | +0.130% | $188K | $144K | 10x | as long as short |
Extended BB-USD
tradeXYZ xyz:BB
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
MEXC BBSTOCK_USDT
Lighter BB