Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.031%
Price spread now: QFEX against KuCoin+0.072%7-day average −0.028% · 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−$144as in the Price arb table
costs, in and out, $10k−$1541.543% of the position
Funding, last 4 days (all we have)−0.079%−$8 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now +0.072%, 7d avg −0.028%
=The price spread pays, funding is against you. QFEX is 0.099% dearer against KuCoin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.028%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 195.71 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $986K | $136K | 20x |
| Short | QFEX COIN-USD | 195.85 | 0.0045 | get 0.0006% / 1h | 24m 29s | $1.3M | $2.9M | 10x |
KuCoin COINUSDTM
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$11.46
- Price spread: +0.072% → −0.028%
- $9.92
- Slippage, 4 orders
- −$132.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$155.81
- Costs to cover
- 1.543%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 55 min ago; QFEX: live order book, 9 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 KuCoin live order book, 55 min ago | 18.42 bp | 104.0 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 9 min ago | 1.28 bp | 6.4 bp −$6 | 8.6 bp −$86 | 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 | −0.0693% | 8h | 196.00 | +0.148% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | −0.056% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0099% | 1h | 195.34 | −0.189% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.72 | +0.005% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.83 | +0.063% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.89 | +0.092% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.90 | +0.097% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.03 | +0.164% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.87 | +0.082% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.90 | +0.097% | $711K | $973K | — | 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
Gate COIN_USDT
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 | 195.71 | 0.000% | $12K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.79 | +0.041% | $461K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.82 | +0.056% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USDshort | +0.0045% | 1h | 195.85 | +0.072% | $1.3M | $2.9M | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.74 | +0.015% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.77 | +0.031% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.93 | +0.112% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.67 | −0.020% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 195.71 | long leg | $986K | $136K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.53 | −0.092% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.93 | +0.112% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.95 | +0.121% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 195.81 | +0.049% | $364K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.99 | +0.143% | $187K | $425K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | −0.123% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 195.66 | −0.026% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC