Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%
Price spread now: KuCoin against QFEX+0.344%7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.111%+$11 on $10k
+Price spread, last 7 days−0.380%−$38 · spread now +0.344%, 7d avg +0.114%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.230% dearer against QFEX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX IONQ-USD | 40.710 | 0 | get 0.0000% / 1h | 13m 35s | $1.1M | $597K | 10x |
| Short | KuCoin IONQUSDTM | 40.850 | 0.0100 | get 0.0100% / 8h | 6h 13m | $37K | $2.9M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.344% → +0.114%
- $23.04
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $22.04
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 2 min ago; KuCoin: live order book, 4 min ago. 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, 2 min ago | 1.23 bp | 13.6 bp −$14 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
IONQ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance IONQUSDT | 0.0000% | 8h | 40.749 | +0.095% | $729K | $1.4M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.740 | +0.074% | $682K | $271K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.780 | +0.172% | $134K | $279K | 20x | as long as short |
| QFEX IONQ-USDlong | 0.0000% | 1h | 40.710 | long leg | $1.1M | $597K | 10x | |
| Gate IONQ_USDT | 0.0000% | 8h | 40.730 | +0.049% | $508K | $518K | 20x | as long as short |
| Bitget IONQUSDT | 0.0000% | 8h | 40.780 | +0.172% | $1.5M | $402K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.760 | +0.123% | $7K | $19K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.730 | +0.049% | $700K | $108K | 20x | as long as short |
| KuCoin IONQUSDTMshort | +0.0100% | 8h | 40.850 | +0.344% | $37K | $2.9M | 20x | |
| edgeX IONQUSDC | +0.0387% | 4h | 40.748 | +0.094% | $1K | $188K | 10x | as long as short |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQ | +0.0617% | 1h | 40.744 | +0.084% | $47K | $176K | 10x | as long as short |
KuCoin IONQUSDTM
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
Gate IONQ_USDT
Bitget IONQUSDT
HTX IONQ-USDT
Phemex IONQUSDT
edgeX IONQUSDC