Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.001%
Price spread now: Bybit against QFEX−0.063%7-day average −0.101% · 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−$246as in the Price arb table
costs, in and out, $10k−$2502.497% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.063%, 7d avg −0.101%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.038% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BX-USD | 126.63 | −0.0080 | get 0.0010% / 1h | 49m 35s | $1.1M | $1.2M | 10x |
| Short | Bybit BXUSDT | 126.55 | 0 | get 0.0000% / 8h | 1h 49m | $500K | $855K | 25x |
QFEX BX-USD
Bybit BXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $16.8
- Price spread: −0.063% → −0.101%
- $3.78
- Slippage, 4 orders
- −$228.7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$229.12
- Costs to cover
- 2.497%
- Break-even
- 102.5 days
Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 30 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 QFEX live order book, 2 min ago | 13.84 bp | 18.8 bp −$19 | 18.8 bp −$188 | 23.2 bp −$2,323 | doesn't fit |
| Sell Bybit live order book, 30 min ago | 2.37 bp | 96.2 bp −$96 | 244.7 bp −$2,447 | doesn't fit | doesn't fit |
BX on 14 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 BX-USDlong | −0.0080% | 1h | 126.63 | long leg | $1.1M | $1.2M | 10x | |
| Aster BXUSDT | 0.0000% | 8h | 126.24 | −0.309% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDTshort | 0.0000% | 8h | 126.55 | −0.063% | $500K | $855K | 25x | |
| OKX BX-USDT-SWAP | 0.0000% | 8h | 126.37 | −0.205% | $159K | $101K | 20x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.43 | −0.158% | $425K | $20K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.53 | −0.079% | $903K | $47K | 20x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.49 | −0.111% | $1K | $303K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.56 | −0.055% | $7K | $3K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 126.23 | −0.316% | $1K | $27K | 12x | as long as short |
| KuCoin BXUSDTM | +0.0503% | 8h | 126.53 | −0.079% | $112K | $1.2M | 20x | as long as short |
Aster BXUSDT
OKX BX-USDT-SWAP
Gate BX_USDT
Bitget BXUSDT
SunX BX-USDT
HTX BX-USDT
Injective BX/USDC PERP
KuCoin BXUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BX | +0.0513% | 8h | 126.46 | −0.131% | $31K | $127 | — | as long as short |
| tradeXYZ xyz:BX | +0.0594% | 1h | 126.37 | −0.205% | $663K | $177K | 10x | as long as short |
| Binance BXUSDT | +0.0788% | 8h | 126.47 | −0.126% | $804K | $455K | 20x | as long as short |
| GRVT BX_USDT_Perp | +0.1594% | 8h | 126.48 | −0.116% | $1K | $127K | 10x | as long as short |
Variational Omni BX
tradeXYZ xyz:BX
Binance BXUSDT
GRVT BX_USDT_Perp