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

COST

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.002%
Price spread now: Injective against QFEX−1.217%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Injective is 1.217% cheaper against QFEX than usual: you would sell low and buy high (spread −1.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$122 on $10k: about 4 months of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX COST-USD902.970.0003pay 0.0000% / 1h24m 38s$1.1M$2.5M10x
ShortInjective COST/USDC PERP891.980.0033get 0.0004% / 1h24m 38s$2K$28K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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
$6.36
Price spread: −1.217% → 0.000%
−$121.71
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$125.37
Costs to cover
0.100%
Break-even
144.9 days
Slippage unknown: QFEX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago251.13 bp256.1 bp −$256261.9 bp −$2,619doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COST on 15 venues

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%8h903.04+0.007%$45K$17820xas long as short
Binance COSTUSDT0.0000%8h903.09+0.013%$1.1M$1.0M20xas long as short
Bybit COSTUSDT0.0000%8h903.19+0.024%$491K$221K25xas long as short
OKX COST-USDT-SWAP0.0000%8h902.90−0.008%$443K$123K10xas long as short
Gate COST_USDT0.0000%8h902.78−0.021%$523K$8K25xas long as short
Bitget COSTUSDT0.0000%8h902.09−0.097%$403K$78K25xas long as short
Variational Omni COST0.0000%8h902.83−0.016%$41K$13Kas long as short
SunX COST-USDT0.0000%8h901.70−0.141%$1K$2.9M10xas long as short
HTX COST-USDT0.0000%8h904.01+0.115%$10K$42K10xas long as short
QFEX COST-USDlong+0.0003%1h902.97long leg$1.1M$2.5M10x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective COST/USDC PERPshort+0.0033%1h891.98−1.217%$2K$28K12x
Extended COST-USD+0.0040%1h898.25−0.523%10xas long as short
Vest COST-USD-PERP+0.0046%1h903.25+0.031%25xas long as short
tradeXYZ xyz:COST+0.0050%1h903.08+0.012%$1.8M$517K20xas long as short
KuCoin COSTUSDTM+0.0100%8h902.60−0.041%$47K$897K20xas long as short