Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.024%
Price spread now: BloFin against QFEX−0.041%7-day average +0.008% · 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−$36as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 4 days (all we have)+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)−0.227%−$23 · spread now −0.041%, 7d avg +0.008%
=Funding pays, the price is against you. BloFin is 0.049% cheaper against QFEX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.008%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 195.38 | 0.0047 | pay 0.0006% / 1h | 35m 13s | $1.3M | $2.8M | 10x |
| Short | BloFin COIN-USDT | 195.30 | 0.0140 | get 0.0140% / 8h | 7h 35m | $187K | $473K | 20x |
QFEX COIN-USD
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against QFEX. 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
- $19.42
- Price spread: −0.041% → +0.008%
- −$4.92
- Slippage, 4 orders
- −$9.54
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.04
- Costs to cover
- 0.315%
- Break-even
- 13.1 days
Slippage from QFEX: live order book, 3 min ago; BloFin: live order book, 40 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 QFEX live order book, 3 min ago | 2.30 bp | 7.4 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 0.51 bp | 8.0 bp −$8 | 11.6 bp −$116 | 23.6 bp −$2,360 | 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 | 194.87 | −0.261% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0120% | 8h | 195.48 | +0.051% | $6.3M | $10.3M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0061% | 1h | 194.89 | −0.251% | — | $324K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.51 | +0.067% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.32 | −0.031% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.31 | −0.036% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.39 | +0.005% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.35 | −0.014% | $658K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.57 | +0.097% | $19K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.25 | −0.069% | $359K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.24 | −0.072% | $467K | $1.3M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.28 | −0.052% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0035% | 8h | 195.33 | −0.026% | $14.8M | $81.5M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.59 | +0.107% | $17K | $57K | 5x | as long as short |
| QFEX COIN-USDlong | +0.0047% | 1h | 195.38 | long leg | $1.3M | $2.8M | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.16 | −0.113% | $15.1M | $12.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.12 | −0.133% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.27 | −0.056% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.25 | −0.067% | $430K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.27 | −0.056% | $983K | $183K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.35 | −0.015% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.32 | −0.031% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.27 | −0.057% | $115 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0140% | 8h | 195.30 | −0.041% | $187K | $473K | 20x | |
| Phoenix COIN | +0.0164% | 1h | 195.41 | +0.015% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0462% | 4h | 195.55 | +0.086% | $50K | $294K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Binance COINUSDT
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
Phoenix COIN
edgeX COINUSDC