Funding you earn now, next payment 01:00 UTC−0.0986%/8h= −108.0% APRnext payment −$1.23 per $10,000 · paid last 24h −0.120%
Price spread now: QFEX against tradeXYZ−0.168%7-day average −0.029% · 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−$91as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 3 days (all we have)−0.186%−$19 on $10k
+Price spread, last 7 days+0.177%+$18 · spread now −0.168%, 7d avg −0.029%
=Together, before fees−0.009%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and QFEX is 0.139% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.186% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 per $10,000. 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 | tradeXYZ xyz:BB | 8.5744 | 0.1000 | pay 0.0125% / 1h | 0m 11s | $10.6M | $3.2M | 10x |
| Short | QFEX BB-USD | 8.5600 | 0.0014 | get 0.0002% / 1h | 0m 11s | $1.1M | $277K | 10x |
tradeXYZ xyz:BB
QFEX BB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$207.06
- Price spread: −0.168% → −0.029%
- −$13.85
- Slippage, 4 orders
- −$49.11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$298.03
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; QFEX: live order book, 5 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 tradeXYZ live order book, 9 min ago | 3.14 bp | 13.4 bp −$13 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 5.82 bp | 17.3 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5700 | −0.051% | $49K | $24K | 20x | as long as short |
| QFEX BB-USDshort | +0.0014% | 1h | 8.5600 | −0.168% | $1.1M | $277K | 10x | |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5900 | +0.182% | — | $1K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0147% | 8h | 8.5750 | +0.007% | $212K | $493K | 20x | as long as short |
| Ondo Perps BB-USD.P | +0.0259% | 1h | 8.5844 | +0.117% | $458K | $439K | 10x | as long as short |
| MEXC BBSTOCK_USDT | +0.0295% | 8h | 8.5700 | −0.051% | $311K | $108K | 50x | as long as short |
| Lighter BB | +0.0960% | 1h | 8.5943 | +0.232% | $188K | $141K | 10x | as long as short |
| tradeXYZ xyz:BBlong | +0.1000% | 1h | 8.5744 | long leg | $10.6M | $3.2M | 10x | |
| Extended BB-USD | +0.1008% | 1h | 8.5736 | −0.010% | $9K | $21K | 10x | as long as short |
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
OKX BB-USDT-SWAP
Ondo Perps BB-USD.P
MEXC BBSTOCK_USDT
Lighter BB
Extended BB-USD