Funding you earn now, next payment 05:00 UTC+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.132%
Price spread now: Entropy against QFEX+0.121%7-day average +0.146% · 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−$80as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 4 days (all we have)+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.121%, 7d avg +0.146%
=Funding pays, the price is against you. Entropy is 0.025% cheaper against QFEX than usual: you would sell low and buy high (spread +0.121% now, against its 7-day average of +0.146%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.213% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IONQ-USD | 40.500 | 0 | get 0.0000% / 1h | 39m 53s | $1.1M | $502K | 10x |
| Short | Entropy io:IONQ | 40.549 | 0.0397 | get 0.0050% / 1h | 39m 53s | $44K | $171K | 10x |
QFEX IONQ-USD
Entropy io:IONQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $83.4
- Price spread: +0.121% → +0.146%
- −$2.53
- Slippage, 4 orders
- −$49.86
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $3.01
- Costs to cover
- 0.779%
- Break-even
- 6.7 days
Slippage from QFEX: live order book, 10 min ago; Entropy: live order book, 45 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, 10 min ago | 3.70 bp | 11.9 bp −$12 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 45 min ago | 8.95 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
IONQ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX IONQUSDC | −0.0993% | 4h | 40.593 | +0.230% | $1K | $186K | 10x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.550 | +0.123% | $730K | $1.2M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.540 | +0.099% | $679K | $248K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.570 | +0.173% | $133K | $269K | 20x | as long as short |
| QFEX IONQ-USDlong | 0.0000% | 1h | 40.500 | long leg | $1.1M | $502K | 10x | |
| Gate IONQ_USDT | 0.0000% | 8h | 40.560 | +0.148% | $506K | $476K | 20x | as long as short |
| Bitget IONQUSDT | 0.0000% | 8h | 40.600 | +0.247% | $1.5M | $381K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.770 | +0.667% | $7K | $18K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.550 | +0.123% | $698K | $100K | 20x | as long as short |
| BloFin IONQ-USDT | +0.0007% | 8h | 40.640 | +0.346% | $49K | $6K | 20x | as long as short |
edgeX IONQUSDC
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
Gate IONQ_USDT
Bitget IONQUSDT
HTX IONQ-USDT
Phemex IONQUSDT
BloFin IONQ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.640 | +0.346% | $36K | $2.9M | 20x | as long as short |
| Entropy io:IONQshort | +0.0397% | 1h | 40.549 | +0.121% | $44K | $171K | 10x |
KuCoin IONQUSDTM