Funding you earn now, next payment 08:00 UTC+0.0869%/8h= +95.2% APRpaid last 24h −0.175%
Price spread now: Bybit against QFEX+0.414%53s7-day average +0.062% · 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−$430.435% of the position
Funding, last 4 days (all we have)−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)−0.556%−$56 · spread now +0.414%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Bybit is 0.352% dearer against QFEX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.062%. Mind the row above: over the last 4 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.176% in total (about -17.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IBIT-USD | 48.320 | 0 | get 0.0000% / 1h | 4m 44s | $1.2M | $5.6M | 10x |
| Short | Bybit IBITUSDT | 48.520 | 0.0869 | get 0.0869% / 8h | 4m 44s | $221K | $872K | 25x |
QFEX IBIT-USD
Bybit IBITUSDTFunding 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
- $182.58
- Price spread: +0.414% → +0.062%
- $35.21
- Slippage, 4 orders
- −$22.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $174.34
- Costs to cover
- 0.435%
- Break-even
- 0.3 days
Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 30 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, 4 min ago | 2.07 bp | 13.1 bp −$13 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 30 min ago | 4.13 bp | 9.6 bp −$10 | 90.4 bp −$904 | doesn't fit | doesn't fit |
IBIT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IBIT-USDlong | 0.0000% | 1h | 48.320 | long leg | $1.2M | $5.6M | 10x | |
| Gate IBIT_USDT | 0.0000% | 8h | 48.490 | +0.352% | $100K | $20K | 20x | as long as short |
| Bitget IBITUSDT | 0.0000% | 8h | 48.369 | +0.101% | $24K | $85K | 20x | as long as short |
| HTX IBIT-USDT | 0.0000% | 8h | 48.470 | +0.310% | $1K | $29K | 20x | as long as short |
| Bybit IBITUSDTshort | +0.0869% | 8h | 48.520 | +0.414% | $221K | $872K | 25x |
Gate IBIT_USDT
Bitget IBITUSDT
HTX IBIT-USDT