Funding you earn now, next payment 04:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h −0.052%
Price spread now: QFEX against Gate−0.056%7-day average −0.067% · 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−$40as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.056%, 7d avg −0.067%
=The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment. 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 | Gate COIN_USDT | 196.90 | −0.0212 | get 0.0212% / 8h | 4h 36m | $1.2M | $7.1M | 50x |
| Short | QFEX COIN-USD | 196.79 | 0.0013 | get 0.0002% / 1h | 36m 29s | $1.3M | $3.3M | 10x |
Gate COIN_USDT
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- $47.19
- Price spread: −0.056% → −0.067%
- $1.09
- Slippage, 4 orders
- −$16.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $6.81
- Costs to cover
- 0.415%
- Break-even
- 6.0 days
Slippage from Gate: live order book, 2 min ago; QFEX: live order book, 12 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 Gate live order book, 2 min ago | 5.07 bp | 13.8 bp −$14 | 153.1 bp −$1,531 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 12 min ago | 2.03 bp | 7.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0750% | 8h | 196.87 | −0.015% | $6.2M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.96 | +0.030% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0212% | 8h | 196.90 | long leg | $1.2M | $7.1M | 50x | |
| Vest COIN-USD-PERP | −0.0087% | 1h | 196.31 | −0.300% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.12 | +0.112% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.81 | −0.045% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.79 | −0.054% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.72 | −0.091% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.80 | −0.051% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.11 | +0.106% | $683K | $938K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.13 | +0.119% | $17K | $2.2M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0013% | 1h | 196.79 | −0.056% | $1.3M | $3.3M | 10x | |
| Lighter COIN | +0.0032% | 1h | 196.80 | −0.052% | $351K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.78 | −0.061% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.11 | +0.107% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.67 | −0.117% | $15.3M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.66 | −0.122% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.86 | −0.020% | $59 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.85 | −0.025% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.82 | −0.041% | $991K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.91 | +0.005% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.81 | −0.046% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.71 | −0.099% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.98 | +0.041% | $188K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.00 | +0.051% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0267% | 4h | 197.13 | +0.116% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
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