COST

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%

Price spread now: QFEX against tradeXYZ+0.013%49s7-day average +0.032% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.412% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.013%, 7d avg +0.032%

Together, before fees−0.029%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	899.20	0.0050	pay 0.0006% / 1h	0m 46s	$1.8M	$515K	20x
Short	QFEX COST-USD	899.32	0.0005	get 0.0001% / 1h	0m 46s	$1.1M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$9.53
Price spread: +0.013% → +0.032%: −$1.85
Slippage, 4 orders: −$13.24
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$52.62
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; QFEX: live order book, 2 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 tradeXYZ live order book, 7 min ago	1.17 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.11 bp	6.1 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit

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	899.42	+0.024%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.18	−0.002%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.95	+0.083%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.58	+0.042%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.22	+0.002%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.52	+0.036%	$42K	$16K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.20	0.000%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.12	+0.214%	$10K	$42K	10x	as long as short
QFEX COST-USDshort	+0.0005%	1h	899.32	+0.013%	$1.1M	$2.8M	10x
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.803%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.106%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.83	−0.041%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	899.20	long leg	$1.8M	$515K	20x
Binance COSTUSDT	+0.0073%	8h	899.64	+0.049%	$1.1M	$925K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.056%	$47K	$877K	20x	as long as short