Funding you earn now, next payment 06:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.005%
Price spread now: QFEX against Binance−0.102%7-day average −0.057% · 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−$36as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 4 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.102%, 7d avg −0.057%
=Funding pays, the price is against you. QFEX is 0.045% cheaper against Binance than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.057%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.007% in total) that is about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 195.32 | 0 | get 0.0000% / 8h | 2h 24m | $14.6M | $81.4M | 20x |
| Short | QFEX COIN-USD | 195.12 | 0.0038 | get 0.0005% / 1h | 24m 17s | $1.3M | $3.0M | 10x |
Binance COINUSDT
QFEX COIN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- $7.96
- Price spread: −0.102% → −0.057%
- −$4.45
- Slippage, 4 orders
- −$11.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$27.67
- Costs to cover
- 0.312%
- Break-even
- 31.3 days
Slippage from Binance: live order book, 3 min ago; QFEX: live order book, 4 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 Binance live order book, 3 min ago | 0.51 bp | 9.1 bp −$9 | 18.7 bp −$187 | 65.1 bp −$6,510 | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.28 bp | 6.4 bp −$6 | 8.4 bp −$84 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0861% | 8h | 195.45 | +0.067% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.11 | −0.107% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0122% | 8h | 195.30 | −0.010% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0113% | 1h | 194.44 | −0.450% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.29 | −0.013% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.26 | −0.029% | $113K | $852K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 195.32 | long leg | $14.6M | $81.4M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 195.29 | −0.015% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.20 | −0.061% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.11 | −0.106% | $708K | $962K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.58 | +0.135% | $15K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.15 | −0.086% | $454K | $1.5M | 10x | as long as short |
| QFEX COIN-USDshort | +0.0038% | 1h | 195.12 | −0.102% | $1.3M | $3.0M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 195.32 | +0.001% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.13 | −0.097% | $15.1M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.17 | −0.076% | $127K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.16 | −0.081% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.04 | −0.143% | $363K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.00 | −0.163% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.01 | −0.158% | $983K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 194.98 | −0.174% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.21 | −0.056% | $565 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 195.17 | −0.077% | $349K | $2.2M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.27 | −0.026% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.11 | −0.107% | $187K | $417K | 20x | as long as short |
| edgeX COINUSDC | +0.0690% | 4h | 195.16 | −0.081% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC