Funding you earn now, next payment 08:00 UTC−0.0368%/8h= −40.3% APRnext payment −$0.46 per $10,000 · paid last 24h −0.058%
Price spread now: QFEX against tradeXYZ−0.014%7-day average −0.039% · 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−$208as in the Price arb table
costs, in and out, $10k−$2102.104% of the position
Funding, last 4 days (all we have)−0.069%−$7 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.014%, 7d avg −0.039%
=Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.025% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.039%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 4 days (−0.069% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.069% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 per $10,000. 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 | tradeXYZ xyz:NOW | 139.28 | 0.0368 | pay 0.0046% / 1h | 31m 06s | $2.1M | $238K | 10x |
| Short | QFEX NOW-USD | 139.26 | 0 | get 0.0000% / 1h | 31m 06s | $1.1M | $1.5M | 10x |
tradeXYZ xyz:NOW
QFEX NOW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$77.25
- Price spread: −0.014% → −0.039%
- $2.49
- Slippage, 4 orders
- −$182.42
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$285.18
- Costs to cover
- 2.104%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago | 2.87 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 77.61 bp | 87.3 bp −$87 | 96.6 bp −$966 | doesn't fit | doesn't fit |
NOW on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 139.50 | +0.158% | $507K | $252K | 20x | as long as short |
| QFEX NOW-USDshort | 0.0000% | 1h | 139.26 | −0.014% | $1.1M | $1.5M | 10x | |
| Gate NOW_USDT | 0.0000% | 8h | 139.31 | +0.022% | $253K | $346K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 139.37 | +0.065% | $770K | $263K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 139.42 | +0.101% | $938 | $329K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 139.38 | +0.072% | $5K | $36K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 139.35 | +0.050% | $5K | $171 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +0.373% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 139.31 | +0.022% | — | — | 25x | as long as short |
| Aster NOWUSDT | +0.0074% | 8h | 140.29 | +0.724% | $42K | $859 | 20x | as long as short |
OKX NOW-USDT-SWAP
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERP
Aster NOWUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 139.40 | +0.086% | $317K | $641K | 20x | as long as short |
| Binance NOWUSDT | +0.0161% | 8h | 139.42 | +0.101% | $1.8M | $1.5M | 20x | as long as short |
| Bybit NOWUSDT | +0.0161% | 8h | 139.31 | +0.022% | $1.6M | $294K | 25x | as long as short |
| BloFin NOW-USDT | +0.0184% | 8h | 139.47 | +0.136% | $46K | $18K | 20x | as long as short |
| GRVT NOW_USDT_Perp | +0.0284% | 8h | 139.40 | +0.086% | $245 | $139K | 10x | as long as short |
| tradeXYZ xyz:NOWlong | +0.0368% | 1h | 139.28 | long leg | $2.1M | $238K | 10x |
KuCoin NOWUSDTM
Binance NOWUSDT
Bybit NOWUSDT
BloFin NOW-USDT
GRVT NOW_USDT_Perp