Funding you earn now, next payment 09:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.59 per $10,000 · paid last 24h −0.144%
Price spread now: Injective against QFEX−0.278%7-day average — · 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−$85as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 0.278% cheaper against QFEX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 197.69 | 0.0036 | pay 0.0004% / 1h | 56m 35s | $1.3M | $2.7M | 10x |
| Short | Injective COIN/USDC PERP | 197.14 | −0.0440 | pay 0.0055% / 1h | 56m 35s | $17K | $224K | 30x |
QFEX COIN-USD
Injective COIN/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$99.94
- Price spread: −0.278% → 0.000%
- −$27.82
- Slippage, 4 orders
- −$47.59
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$185.37
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Injective: live order book, 27 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, 6 min ago | 1.51 bp | 6.5 bp −$7 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Injective live order book, 27 min ago | 6.91 bp | 37.7 bp −$38 | doesn't fit | 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 PERPshort | −0.0440% | 1h | 197.14 | −0.278% | $17K | $224K | 30x | |
| Ondo Perps COIN-USD.P | −0.0155% | 1h | 197.47 | −0.111% | $380K | $2.3M | 10x | as long as short |
| Vest COIN-USD-PERP | −0.0020% | 1h | 197.50 | −0.096% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.87 | +0.089% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.73 | +0.020% | $4.6M | $5.8M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.72 | +0.015% | $3.1M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 197.78 | +0.046% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 197.71 | +0.010% | $6.4M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.99 | +0.151% | $672K | $831K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.26 | +0.288% | $14K | $3.0M | 10x | as long as short |
Ondo Perps COIN-USD.P
Vest COIN-USD-PERP
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0023% | 8h | 197.84 | +0.078% | $14.6M | $79.1M | 20x | as long as short |
| Extended COIN_24_5-USD | +0.0024% | 1h | 197.75 | +0.033% | $105K | $848K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.70 | +0.005% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.71 | +0.010% | $471K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0034% | 1h | 197.67 | −0.010% | $14.9M | $12.3M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0036% | 1h | 197.69 | long leg | $1.3M | $2.7M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.89 | +0.101% | $17K | $37K | 5x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.55 | −0.071% | $138K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.70 | +0.005% | $75 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.79 | +0.051% | $933K | $228K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.00 | +0.157% | $89K | $280K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.82 | +0.066% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.70 | +0.005% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0108% | 8h | 197.91 | +0.111% | $190K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 198.21 | +0.263% | $5K | $253K | 10x | as long as short |
| edgeX COINUSDC | +0.0632% | 4h | 198.03 | +0.170% | $51K | $293K | 10x | as long as short |
Binance COINUSDT
Extended COIN_24_5-USD
Lighter COIN
Lighter RH COIN
tradeXYZ xyz:COIN
Arcus COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC