Funding you earn now, next payment 00:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.192%
Price spread now: QFEX against edgeX−0.081%57s7-day average −0.007% · 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—prices read too far apart to compare
costs, in and out, $10k−$340.345% of the position
Funding, last 3 days (all we have)−0.520%−$52 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.081%, 7d avg −0.007%
=Together, before fees−0.485%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.073% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 202.06 | 0.0147 | pay 0.0073% / 4h | 12m 30s | $52K | $295K | 10x |
| Short | QFEX COIN-USD | 201.90 | 0.0032 | get 0.0004% / 1h | 12m 30s | $1.4M | $4.0M | 10x |
edgeX COINUSDC
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$24.15
- Price spread: −0.081% → −0.007%
- −$7.33
- Slippage, 4 orders
- −$15.46
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$65.94
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 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 edgeX live order book, 65 min ago | 5.45 bp | 10.5 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.73 bp | 6.7 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.55 | −0.254% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.98 | −0.044% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.89 | −0.087% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.93 | −0.066% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.93 | −0.066% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.91 | −0.076% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | −0.071% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 202.00 | −0.031% | $6.9M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | −0.004% | $840K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.91 | −0.076% | $12K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USDshort | +0.0032% | 1h | 201.90 | −0.081% | $1.4M | $4.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 201.89 | −0.086% | $435K | $1.8M | 10x | as long as short |
| Lighter COIN | +0.0040% | 1h | 201.91 | −0.078% | $377K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.06 | −0.002% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.88 | −0.091% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.82 | −0.120% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.95 | −0.056% | $85 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.69 | −0.185% | $361K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.99 | −0.036% | $1.0M | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.11 | +0.023% | $91K | $310K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.93 | −0.066% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.92 | −0.072% | $119 | — | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0110% | 1h | 201.85 | −0.106% | $16.6M | $13.2M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.97 | −0.046% | $200K | $342K | 20x | as long as short |
| edgeX COINUSDClong | +0.0147% | 4h | 202.06 | long leg | $52K | $295K | 10x | |
| Phoenix COIN | +0.0238% | 1h | 201.85 | −0.106% | $5K | $279K | 10x | as long as short |
Lighter RH COIN
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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
tradeXYZ xyz:COIN
BloFin COIN-USDT
Phoenix COIN