Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Extended against QFEX−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.043% cheaper against QFEX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	898.64	0.0005	pay 0.0001% / 1h	46m 40s	$1.1M	$2.9M	10x
Short	Extended COST-USD	898.25	0.0040	get 0.0005% / 1h	46m 40s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ExtendedbpOrdersPrice spread, now −0.043%Rate

Funding earned: $7.43
Price spread: −0.043% → 0.000%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.91
Costs to cover: 0.150%
Break-even: 18.2 days

Slippage unknown: QFEX: live order book, 6 min ago; Extended: no order-book sample. Net counts fees only.

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	251.15 bp	256.1 bp −$256	261.0 bp −$2,610	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.74	+0.011%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.49	−0.017%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.38	+0.082%	$444K	$106K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.82	+0.020%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.59	−0.006%	$403K	$110K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.20	−0.049%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.12	+0.165%	$10K	$42K	10x	as long as short
QFEX COST-USDlong	+0.0005%	1h	898.64	long leg	$1.1M	$2.9M	10x
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.741%	$2K	$28K	12x	as long as short
Extended COST-USDshort	+0.0040%	1h	898.25	−0.043%	—	—	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.61	−0.003%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.63	−0.001%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0098%	8h	898.46	−0.020%	$42K	$17K	—	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	+0.007%	$46K	$871K	20x	as long as short
Binance COSTUSDT	+0.0207%	8h	898.83	+0.021%	$1.1M	$926K	20x	as long as short