Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.051%
Price spread now: QFEX against tradeXYZ+0.028%49s7-day average −0.005% · 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—prices read too far apart to compare
costs, in and out, $10k−$410.411% of the position
Funding, last 4 days (all we have)−0.114%−$11 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now +0.028%, 7d avg −0.005%
=Together, before fees−0.120%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.033% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 4 days (−0.114% in total) that is about 25 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ARM | 327.01 | 0.0050 | pay 0.0006% / 1h | 32m 42s | $8.2M | $8.8M | 10x |
| Short | QFEX ARM-USD | 327.10 | 0.0025 | get 0.0003% / 1h | 32m 42s | $1.1M | $4.0M | 10x |
tradeXYZ xyz:ARM
QFEX ARM-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
- −$5.24
- Price spread: +0.028% → −0.005%
- $3.3
- Slippage, 4 orders
- −$13.13
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$43.07
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; QFEX: live order book, 6 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, 6 min ago | 1.07 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.22 bp | 8.9 bp −$9 | 13.1 bp −$131 | doesn't fit | doesn't fit |
ARM on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ARM-USDT | −0.0001% | 8h | 327.24 | +0.070% | $128K | $49K | 20x | as long as short |
| Aster ARMUSDT | 0.0000% | 8h | 327.43 | +0.130% | $7K | $126K | 20x | as long as short |
| Bybit ARMUSDT | 0.0000% | 8h | 327.14 | +0.040% | $2.0M | $2.1M | 25x | as long as short |
| OKX ARM-USDT-SWAP | 0.0000% | 8h | 327.09 | +0.024% | $1.7M | $6.7M | 20x | as long as short |
| Variational Omni ARM | 0.0000% | 8h | 327.28 | +0.083% | $212K | $307K | — | as long as short |
| GRVT ARM_USDT_Perp | 0.0000% | 8h | 327.41 | +0.123% | $373 | $198K | 10x | as long as short |
| SunX ARM-USDT | 0.0000% | 8h | 327.21 | +0.061% | $1K | $2.7M | 10x | as long as short |
| HTX ARM-USDT | 0.0000% | 8h | 327.07 | +0.018% | $18K | $16K | 20x | as long as short |
| Bitget ARMUSDT | +0.0018% | 8h | 327.27 | +0.080% | $1.8M | $3.9M | 20x | as long as short |
| Binance ARMUSDT | +0.0021% | 8h | 327.16 | +0.046% | $8.6M | $50.1M | 20x | as long as short |
BloFin ARM-USDT
Aster ARMUSDT
Bybit ARMUSDT
OKX ARM-USDT-SWAP
Variational Omni ARM
GRVT ARM_USDT_Perp
SunX ARM-USDT
HTX ARM-USDT
Bitget ARMUSDT
Binance ARMUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARM-USD | +0.0024% | 1h | 327.16 | +0.045% | $39K | $271K | 10x | as long as short |
| QFEX ARM-USDshort | +0.0025% | 1h | 327.10 | +0.028% | $1.1M | $4.0M | 10x | |
| Lighter ARM | +0.0032% | 1h | 326.95 | −0.018% | — | — | 10x | as long as short |
| Vest ARM-USD-PERP | +0.0046% | 1h | 327.36 | +0.107% | — | — | 10x | as long as short |
| tradeXYZ xyz:ARMlong | +0.0050% | 1h | 327.01 | long leg | $8.2M | $8.8M | 10x | |
| Polymarket Perps ARM-USD | +0.0050% | 1h | 327.08 | +0.021% | $379K | $1.3M | 10x | as long as short |
| Ondo Perps ARM-USD.P | +0.0050% | 1h | 327.14 | +0.040% | $200K | $408K | 10x | as long as short |
| Coinbase International ARM-PERP-INTX | +0.0088% | 1h | 327.37 | +0.110% | $98K | $300K | 10x | as long as short |
| Gate ARM_USDT | +0.0104% | 8h | 327.36 | +0.107% | $1.5M | $4.3M | 50x | as long as short |
| Phoenix ARM | +0.0195% | 1h | 327.36 | +0.107% | $5K | $444K | 10x | as long as short |
| Injective ARM/USDC PERP | +0.0220% | 1h | 330.69 | +1.125% | $5K | $50K | 12x | as long as short |
| Deribit ARM_USDC-PERPETUAL | +0.0270% | 1h | 327.28 | +0.083% | $12K | $125K | 10x | as long as short |
| KuCoin ARMUSDTM | +0.0427% | 8h | 327.17 | +0.049% | $2.3M | $119K | 20x | as long as short |
| edgeX ARMUSDC | +0.0506% | 4h | 327.26 | +0.078% | $35K | $348K | 10x | as long as short |
Extended ARM-USD
Lighter ARM
Vest ARM-USD-PERP
Polymarket Perps ARM-USD
Ondo Perps ARM-USD.P
Coinbase International ARM-PERP-INTX
Gate ARM_USDT
Phoenix ARM
Injective ARM/USDC PERP
Deribit ARM_USDC-PERPETUAL
KuCoin ARMUSDTM
edgeX ARMUSDC