Funding you earn now, next payment 10:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.012%
Price spread now: QFEX against Bybit+0.106%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 7 days−0.180%−$18 · spread now +0.106%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.167% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 197.85 | 0 | get 0.0000% / 8h | 6h 14m | $4.6M | $5.5M | 50x |
| Short | QFEX COIN-USD | 198.06 | 0.0036 | get 0.0004% / 1h | 14m 57s | $1.3M | $2.6M | 10x |
Bybit COINUSDT
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. 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
- $7.54
- Price spread: +0.106% → −0.061%
- $16.67
- Slippage, 4 orders
- −$17.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$13.94
- Costs to cover
- 0.381%
- Break-even
- 19.9 days
Slippage from Bybit: live order book, 1 min ago; QFEX: live order book, 6 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 Bybit live order book, 1 min ago | 2.78 bp | 12.9 bp −$13 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.76 bp | 5.8 bp −$6 | 7.6 bp −$76 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.52 | −0.167% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.03 | +0.093% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.79 | −0.031% | $105K | $856K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.88 | +0.017% | $14.5M | $76.6M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.85 | long leg | $4.6M | $5.5M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.96 | +0.056% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.88 | +0.015% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.87 | +0.010% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.00 | +0.077% | $768K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.207% | $21K | $3.1M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 197.76 | −0.044% | $346K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.77 | −0.040% | $481K | $1.2M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0036% | 1h | 198.06 | +0.106% | $1.3M | $2.6M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.09 | +0.121% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.96 | +0.056% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.74 | −0.056% | $14.8M | $11.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.96 | +0.056% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.84 | −0.005% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.82 | −0.015% | $342K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.87 | +0.010% | $933K | $230K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.92 | +0.035% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.01 | +0.081% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.76 | −0.045% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.84 | −0.005% | $191K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.94 | +0.045% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0999% | 4h | 198.22 | +0.185% | $51K | $295K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC