Funding you earn now, next payment 04:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.012%
Price spread now: Bitget against QFEX+0.137%7-day average +0.063% · 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−$28as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 4 days (all we have)−0.017%−$2 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.137%, 7d avg +0.063%
=The price spread pays, funding is against you. Bitget is 0.074% dearer against QFEX than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.063%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.017% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.017% in total (about -1.7% a year). A funding rate is set anew for every payment. 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 | QFEX COIN-USD | 196.94 | 0.0013 | pay 0.0002% / 1h | 38m 34s | $1.3M | $3.3M | 10x |
| Short | Bitget COINUSDT | 197.21 | −0.0740 | pay 0.0740% / 8h | 4h 38m | $6.2M | $10.3M | 20x |
QFEX COIN-USD
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$158.07
- Price spread: +0.137% → +0.063%
- $7.37
- Slippage, 4 orders
- −$13.06
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$185.76
- Costs to cover
- 0.351%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 9 min ago; Bitget: 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 QFEX live order book, 9 min ago | 2.03 bp | 7.0 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.03 bp | 9.8 bp −$10 | 14.6 bp −$146 | 79.9 bp −$7,989 | 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 COINUSDTshort | −0.0740% | 8h | 197.21 | +0.137% | $6.2M | $10.3M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.03 | +0.046% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0209% | 8h | 197.02 | +0.041% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0086% | 1h | 196.44 | −0.254% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.12 | +0.089% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.91 | −0.017% | $119K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.02 | +0.040% | $15.0M | $79.0M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.97 | +0.015% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.08 | +0.071% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.11 | +0.086% | $683K | $938K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
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 | 197.13 | +0.099% | $17K | $2.2M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0013% | 1h | 196.94 | long leg | $1.3M | $3.3M | 10x | |
| Lighter COIN | +0.0032% | 1h | 196.90 | −0.023% | $351K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.86 | −0.041% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.18 | +0.122% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.88 | −0.030% | $15.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.92 | −0.010% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.01 | +0.036% | $63 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.18 | +0.122% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.90 | −0.020% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.08 | +0.071% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.04 | +0.051% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.96 | +0.010% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.01 | +0.036% | $189K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.23 | +0.147% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0512% | 4h | 197.15 | +0.108% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC