Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.036%
Price spread now: QFEX against Binance−0.031%53s7-day average −0.057% · 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—prices read too far apart to compare
costs, in and out, $10k−$350.349% of the position
Funding, last 4 days (all we have)−0.043%−$4 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.031%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.026% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.057%. The two prices were read 53 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 | Binance IBMUSDT | 232.20 | 0 | get 0.0000% / 8h | 8m 44s | $3.8M | $5.5M | 20x |
| Short | QFEX IBM-USD | 232.13 | 0.0043 | get 0.0005% / 1h | 8m 44s | $1.2M | $2.1M | 10x |
Binance IBMUSDT
QFEX IBM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- $9
- Price spread: −0.031% → −0.057%
- $2.59
- Slippage, 4 orders
- −$14.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$23.31
- Costs to cover
- 0.349%
- Break-even
- 25.1 days
Slippage from Binance: live order book, 14 min ago; QFEX: live order book, 3 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 Binance live order book, 14 min ago | 0.22 bp | 9.7 bp −$10 | 27.9 bp −$279 | 142.1 bp −$14.2K | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.72 bp | 6.7 bp −$7 | 11.8 bp −$118 | doesn't fit | doesn't fit |
IBM on 18 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 IBMUSDT | 0.0000% | 8h | 232.08 | −0.051% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.16 | −0.018% | $53K | $311K | 10x | as long as short |
| Binance IBMUSDTlong | 0.0000% | 8h | 232.20 | long leg | $3.8M | $5.5M | 20x | |
| Bybit IBMUSDT | 0.0000% | 8h | 232.03 | −0.074% | $1.0M | $349K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.12 | −0.035% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.21 | +0.004% | $743K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.21 | +0.004% | $780K | $346K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.19 | −0.005% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perp | 0.0000% | 8h | 232.21 | +0.004% | $93 | $168K | 10x | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 232.06 | −0.061% | $900 | $471K | 10x | as long as short |
Aster IBMUSDT
Extended IBM-USD
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
GRVT IBM_USDT_Perp
SunX IBM-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IBM-USDT | 0.0000% | 8h | 232.48 | +0.120% | $6K | $33K | 20x | as long as short |
| BloFin IBM-USDT | +0.0017% | 8h | 232.23 | +0.012% | $47K | $60K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.32 | +0.051% | $38K | $49K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.416% | — | $57 | 12x | as long as short |
| QFEX IBM-USDshort | +0.0043% | 1h | 232.13 | −0.031% | $1.2M | $2.1M | 10x | |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.02 | −0.078% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.94 | −0.113% | $1.8M | $799K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.15 | −0.022% | $194K | $55K | 20x | as long as short |
HTX IBM-USDT
BloFin IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM