BX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.031%

Price spread now: QFEX against Injective−8.468%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 8.468% cheaper against Injective than usual: you would sell low and buy high (−$847 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BX/USDC PERP	138.75	0.0220	pay 0.0028% / 1h	27m 56s	$4K	$32K	12x
Short	QFEX BX-USD	127.00	0	get 0.0000% / 1h	27m 56s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee QFEXbpOrdersPrice spread, now −8.468%Rate

Funding earned: −$46.2
Price spread: −8.468% → 0.000%: −$846.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$903.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	2.36 bp	79.2 bp −$79	80.6 bp −$806	87.2 bp −$8,718	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BX on 14 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
tradeXYZ xyz:BX	−0.0487%	1h	126.14	−9.088%	$664K	$212K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.14	−9.091%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.25	−9.009%	$485K	$834K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.35	−8.937%	$164K	$114K	20x	as long as short
QFEX BX-USDshort	0.0000%	1h	127.00	−8.468%	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.35	−8.937%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−8.886%	$898K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.30	−8.974%	$688	$114K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.21	−9.038%	$820	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.29	−8.980%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERPlong	+0.0220%	1h	138.75	long leg	$4K	$32K	12x
KuCoin BXUSDTM	+0.0445%	8h	126.07	−9.139%	$114K	$995K	20x	as long as short
Variational Omni BX	+0.0787%	8h	126.20	−9.042%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1051%	8h	126.23	−9.020%	$782K	$486K	20x	as long as short