Funding you earn now, next payment 01:00 UTC−0.0546%/8h= −59.8% APRpaid last 24h −0.281%
Price spread now: QFEX against Bitget−0.154%7-day average −0.274% · 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−$82as in the Price arb table
costs, in and out, $10k−$940.940% of the position
Funding, last 3 days (all we have)−0.343%−$34 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now −0.154%, 7d avg −0.274%
=The price spread pays, funding is against you. QFEX is 0.120% dearer against Bitget than usual: you sell high and buy low (spread −0.154% now, against its 7-day average of −0.274%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NKEUSDT | 36.256 | 0.0546 | pay 0.0546% / 8h | 7h 25m | $3.2M | $1.5M | 20x |
| Short | QFEX NKE-USD | 36.200 | 0 | get 0.0000% / 1h | 25m 03s | $1.1M | $984K | 10x |
Bitget NKEUSDT
QFEX NKE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. 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
- −$114.66
- Price spread: −0.154% → −0.274%
- $11.97
- Slippage, 4 orders
- −$72.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$196.7
- Costs to cover
- 0.940%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 5 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 Bitget live order book, 3 min ago | 10.75 bp | 27.7 bp −$28 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 4.14 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
NKE 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 NKE-USDshort | 0.0000% | 1h | 36.200 | −0.154% | $1.1M | $984K | 10x | |
| Gate NKE_USDT | 0.0000% | 8h | 36.190 | −0.182% | $238K | $19K | 20x | as long as short |
| HTX NKE-USDT | 0.0000% | 8h | 36.190 | −0.182% | $5K | $309K | 20x | as long as short |
| Injective NKE/USDC PERP | +0.0033% | 1h | 35.960 | −0.816% | $975 | $11K | 12x | as long as short |
| Bitget NKEUSDTlong | +0.0546% | 8h | 36.256 | long leg | $3.2M | $1.5M | 20x |
Gate NKE_USDT
HTX NKE-USDT
Injective NKE/USDC PERP