Settings8H · net · $10k
Funding arb · Price arb /

COST

RWAall COST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.005%
Price spread now: QFEX against OKX−0.053%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$650.654% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.053%, 7d avg −0.051%
Together, before fees+0.024%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX COST-USDT-SWAP902.010get 0.0000% / 8h5h 44m$445K$125K10x
ShortQFEX COST-USD901.530.0064get 0.0008% / 1h44m 47s$1.1M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$13.39
Price spread: −0.053% → −0.051%
−$0.25
Slippage, 4 orders
−$45.45
Fee OKX: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$52.31
Costs to cover
0.654%
Break-even
34.3 days
Slippage from OKX: live order book, 64 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 64 min ago6.25 bp13.9 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 6 min ago1.11 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit

COST on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h901.65−0.040%$45K$13320xas long as short
Binance COSTUSDT0.0000%8h901.77−0.026%$1.1M$1.0M20xas long as short
Bybit COSTUSDT0.0000%8h901.56−0.050%$563K$138K25xas long as short
OKX COST-USDT-SWAPlong0.0000%8h902.01long leg$445K$125K10x
Gate COST_USDT0.0000%8h901.67−0.038%$522K$8K25xas long as short
Bitget COSTUSDT0.0000%8h901.65−0.040%$411K$78K25xas long as short
Variational Omni COST0.0000%8h901.68−0.037%$40K$14Kas long as short
SunX COST-USDT0.0000%8h900.70−0.145%$1K$2.6M10xas long as short
HTX COST-USDT0.0000%8h903.21+0.133%$10K$41K10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−1.112%$2K$28K12xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended COST-USD+0.0040%1h901.25−0.085%10xas long as short
Vest COST-USD-PERP+0.0046%1h901.02−0.110%25xas long as short
tradeXYZ xyz:COST+0.0050%1h900.82−0.132%$1.8M$521K20xas long as short
QFEX COST-USDshort+0.0064%1h901.53−0.053%$1.1M$2.3M10x
KuCoin COSTUSDTM+0.0100%8h900.90−0.123%$48K$1.0M20xas long as short