Funding you earn now, next payment 05:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h −0.057%
Price spread now: QFEX against Binance+0.445%7-day average −0.469% · 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−$55as in the Price arb table
costs, in and out, $10k−$1461.464% of the position
Funding, last 4 days (all we have)−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)−0.970%−$97 · spread now +0.445%, 7d avg −0.469%
=The price spread pays, funding is against you. QFEX is 0.914% dearer against Binance than usual: you sell high and buy low (spread +0.445% now, against its 7-day average of −0.469%): +$91 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9.6 days. At the pace of the last 4 days (−0.130% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HUTUSDT | 103.13 | 0.0317 | pay 0.0317% / 8h | 3h 17m | $188K | $1.6M | 20x |
| Short | QFEX HUT-USD | 103.59 | 0 | get 0.0000% / 1h | 17m 26s | $1.9M | $1.3M | 10x |
Binance HUTUSDT
QFEX HUT-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
- −$66.54
- Price spread: +0.445% → −0.469%
- $91.41
- Slippage, 4 orders
- −$126.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$121.49
- Costs to cover
- 1.464%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; QFEX: 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 Binance live order book, 16 min ago | 9.68 bp | 45.7 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 3.40 bp | 19.0 bp −$19 | 20.1 bp −$201 | doesn't fit | doesn't fit |
HUT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HUTUSDT | 0.0000% | 8h | 102.94 | −0.185% | $18K | $94K | 25x | as long as short |
| OKX HUT-USDT-SWAP | 0.0000% | 8h | 103.03 | −0.098% | $38K | $1.1M | 20x | as long as short |
| QFEX HUT-USDshort | 0.0000% | 1h | 103.59 | +0.445% | $1.9M | $1.3M | 10x | |
| Gate HUT_USDT | 0.0000% | 8h | 103.16 | +0.029% | $25K | $29K | 20x | as long as short |
| Bitget HUTUSDT | 0.0000% | 8h | 103.29 | +0.155% | $56K | $152K | 20x | as long as short |
| SunX HUT-USDT | 0.0000% | 8h | 103.58 | +0.436% | — | $163.9M | 10x | as long as short |
| HTX HUT-USDT | 0.0000% | 8h | 102.94 | −0.185% | $2K | $348K | 20x | as long as short |
| Phemex HUTUSDT | 0.0000% | 8h | 103.17 | +0.038% | $107K | $128K | 10x | as long as short |
| BloFin HUT-USDT | +0.0305% | 8h | 103.21 | +0.077% | $46K | $29K | 20x | as long as short |
| Binance HUTUSDTlong | +0.0317% | 8h | 103.13 | long leg | $188K | $1.6M | 20x |
Bybit HUTUSDT
OKX HUT-USDT-SWAP
Gate HUT_USDT
Bitget HUTUSDT
SunX HUT-USDT
HTX HUT-USDT
Phemex HUTUSDT
BloFin HUT-USDT