Funding you earn now, next payment 03:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.008%
Price spread now: QFEX against Phemex−0.058%7-day average −0.007% · 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−$144as in the Price arb table
costs, in and out, $10k−$1381.385% of the position
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.058%, 7d avg −0.007%
=Funding pays, the price is against you. QFEX is 0.051% cheaper against Phemex than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.007%). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.014% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALABUSDT | 344.31 | 0 | get 0.0000% / 8h | 5h 46m | $1.7M | $215K | 10x |
| Short | QFEX ALAB-USD | 344.11 | 0.0041 | get 0.0005% / 1h | 46m 18s | $1.1M | $4.4M | 10x |
Phemex ALABUSDT
QFEX ALAB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phemex. 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
- $8.64
- Price spread: −0.058% → −0.007%
- −$5.14
- Slippage, 4 orders
- −$116.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$134.97
- Costs to cover
- 1.385%
- Break-even
- 116.4 days
Slippage from Phemex: live order book, 2 min ago; QFEX: live order book, 7 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 Phemex live order book, 2 min ago | 4.36 bp | 69.6 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.31 bp | 9.9 bp −$10 | 17.1 bp −$171 | doesn't fit | doesn't fit |
ALAB on 13 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 ALABUSDT | 0.0000% | 8h | 344.04 | −0.078% | $1.4M | $4.3M | 20x | as long as short |
| Bybit ALABUSDT | 0.0000% | 8h | 343.80 | −0.148% | $473K | $430K | 25x | as long as short |
| OKX ALAB-USDT-SWAP | 0.0000% | 8h | 344.29 | −0.006% | $595K | $472K | 10x | as long as short |
| Gate ALAB_USDT | 0.0000% | 8h | 344.10 | −0.061% | $505K | $302K | 20x | as long as short |
| Bitget ALABUSDT | 0.0000% | 8h | 344.11 | −0.058% | $213K | $153K | 20x | as long as short |
| Variational Omni ALAB | 0.0000% | 8h | 344.79 | +0.139% | $94K | $76K | — | as long as short |
| Phemex ALABUSDTlong | 0.0000% | 8h | 344.31 | long leg | $1.7M | $215K | 10x | |
| Extended ALAB_24_5-USD | +0.0040% | 1h | 343.99 | −0.093% | $12K | — | 10x | as long as short |
| QFEX ALAB-USDshort | +0.0041% | 1h | 344.11 | −0.058% | $1.1M | $4.4M | 10x | |
| Vest ALAB-USD-PERP | +0.0046% | 1h | 344.04 | −0.078% | — | — | 5x | as long as short |
Binance ALABUSDT
Bybit ALABUSDT
OKX ALAB-USDT-SWAP
Gate ALAB_USDT
Bitget ALABUSDT
Variational Omni ALAB
Extended ALAB_24_5-USD
Vest ALAB-USD-PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALABUSDTM | +0.0100% | 8h | 343.97 | −0.099% | $343K | $32K | 20x | as long as short |
| HTX ALAB-USDT | +0.0100% | 8h | 344.23 | −0.023% | $878 | $376K | 10x | as long as short |
| BloFin ALAB-USDT | +0.0120% | 8h | 344.13 | −0.052% | — | $105K | 20x | as long as short |
KuCoin ALABUSDTM
HTX ALAB-USDT
BloFin ALAB-USDT