Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.041%
Price spread now: BloFin against QFEX−0.020%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−$33as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 4 days (all we have)+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.020%, 7d avg +0.007%
=Funding pays, the price is against you. BloFin is 0.028% cheaper against QFEX than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX COIN-USD | 195.93 | 0.0065 | pay 0.0008% / 1h | 33m 52s | $1.3M | $2.9M | 10x |
| Short | BloFin COIN-USDT | 195.89 | 0.0120 | get 0.0120% / 8h | 33m 52s | $187K | $436K | 20x |
QFEX COIN-USD
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.47
- Price spread: −0.020% → +0.007%
- −$2.76
- Slippage, 4 orders
- −$8.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.78
- Costs to cover
- 0.305%
- Break-even
- 20.3 days
Slippage from QFEX: live order book, 4 min ago; BloFin: live order book, 47 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, 4 min ago | 1.27 bp | 6.3 bp −$6 | 7.5 bp −$75 | 18.8 bp −$1,883 | doesn't fit |
| Sell BloFin live order book, 47 min ago | 0.76 bp | 8.9 bp −$9 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.04 | +0.056% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0348% | 8h | 196.08 | +0.077% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0047% | 1h | 195.55 | −0.194% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.78 | −0.078% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.85 | −0.042% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.92 | −0.007% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.88 | −0.026% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.92 | −0.005% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.96 | +0.015% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.93 | −0.002% | $712K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 196.29 | +0.185% | $22K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.86 | −0.038% | $362K | $2.3M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.84 | −0.046% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.19 | +0.133% | $17K | $58K | 5x | as long as short |
| edgeX COINUSDC | +0.0050% | 4h | 196.08 | +0.075% | $50K | $295K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.75 | −0.092% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.84 | −0.046% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.88 | −0.026% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.097% | $445K | $2.8M | 10x | as long as short |
| QFEX COIN-USDlong | +0.0065% | 1h | 195.93 | long leg | $1.3M | $2.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.74 | −0.097% | $987K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.72 | −0.107% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.94 | +0.005% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.96 | +0.014% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 195.89 | −0.020% | $187K | $436K | 20x | |
| Phoenix COIN | +0.0163% | 1h | 195.87 | −0.031% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
edgeX COINUSDC
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
Phoenix COIN