Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.002%
Price spread now: Bybit against QFEX+0.081%7-day average +0.060% · 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−$37as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 4 days (all we have)+0.051%+$5 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.081%, 7d avg +0.060%
=The price spread pays, funding is against you. Bybit is 0.021% dearer against QFEX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.060%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 196.85 | 0.0020 | pay 0.0002% / 1h | 43m 20s | $1.3M | $3.2M | 10x |
| Short | Bybit COINUSDT | 197.01 | 0 | get 0.0000% / 8h | 3h 43m | $4.8M | $6.0M | 50x |
QFEX COIN-USD
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$4.18
- Price spread: +0.081% → +0.060%
- $2.08
- Slippage, 4 orders
- −$18.33
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.43
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 10 min ago; Bybit: live order book, 5 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, 10 min ago | 1.77 bp | 6.8 bp −$7 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.28 bp | 13.8 bp −$14 | 32.7 bp −$327 | 162.2 bp −$16.2K | 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 | −0.0678% | 8h | 197.09 | +0.122% | $6.2M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.08 | +0.117% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0221% | 8h | 197.01 | +0.081% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0111% | 1h | 196.38 | −0.239% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.07 | +0.112% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.94 | +0.045% | $117K | $689K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.00 | +0.075% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.01 | +0.081% | $4.8M | $6.0M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.94 | +0.046% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.02 | +0.087% | $685K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance 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 | 197.00 | +0.076% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0020% | 1h | 196.85 | long leg | $1.3M | $3.2M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 196.89 | +0.020% | $451K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.13 | +0.142% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.89 | +0.020% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.82 | −0.015% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.92 | +0.036% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.89 | +0.020% | $353K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.96 | +0.056% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.96 | +0.056% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.97 | +0.061% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.95 | +0.051% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.03 | +0.091% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.93 | +0.041% | $4K | $283K | 10x | as long as short |
| Lighter COIN | +0.0136% | 1h | 196.93 | +0.042% | $340K | $2.0M | 10x | as long as short |
| edgeX COINUSDC | +0.0773% | 4h | 197.07 | +0.114% | $51K | $296K | 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
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
Lighter COIN
edgeX COINUSDC