Funding you earn now, next payment 01:00 UTC−0.0241%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.040%
Price spread now: QFEX against tradeXYZ−0.045%7-day average +0.059% · 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−$47as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days+0.143%+$14 · spread now −0.045%, 7d avg +0.059%
=Together, before fees+0.105%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.038% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | tradeXYZ xyz:LITE | 965.70 | 0.0254 | pay 0.0032% / 1h | 0m 16s | $7.3M | $5.0M | 10x |
| Short | QFEX LITE-USD | 965.27 | 0.0014 | get 0.0002% / 1h | 0m 16s | $1.1M | $5.1M | 10x |
tradeXYZ xyz:LITE
QFEX LITE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$50.53
- Price spread: −0.045% → +0.059%
- −$10.31
- Slippage, 4 orders
- −$8.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$97.47
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; QFEX: live order book, 8 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 tradeXYZ live order book, 8 min ago | 1.40 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.45 bp | 7.0 bp −$7 | 12.4 bp −$124 | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0096% | 1h | 965.50 | −0.021% | $111K | $214K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 966.43 | +0.076% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 965.74 | +0.004% | $1.9M | $1.6M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 965.58 | −0.012% | $3.8M | $17.9M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 965.70 | 0.000% | $8.1M | $5.9M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 965.22 | −0.050% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 966.12 | +0.043% | $483 | $205K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 965.60 | −0.010% | $885 | $4.0M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 965.76 | +0.006% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 965.68 | −0.002% | $1.5M | $682K | 10x | as long as short |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LITE-USDshort | +0.0014% | 1h | 965.27 | −0.045% | $1.1M | $5.1M | 10x | |
| BloFin LITE-USDT | +0.0016% | 8h | 965.63 | −0.007% | $225K | $236K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 965.56 | −0.014% | $27K | $101K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 965.03 | −0.069% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 965.71 | +0.001% | $75K | $228K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 965.00 | −0.072% | $168K | $166K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 965.61 | −0.009% | $521K | $38K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 965.30 | −0.041% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 965.78 | +0.008% | $939 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 965.83 | +0.014% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0114% | 4h | 965.54 | −0.017% | $73K | $457K | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0164% | 1h | 965.47 | −0.024% | $19K | $37K | 10x | as long as short |
| SoDEX LITE-USD | +0.0174% | 1h | 965.59 | −0.011% | $23K | $10K | 10x | as long as short |
| Variational Omni LITE | +0.0244% | 8h | 965.51 | −0.020% | $242K | $142K | — | as long as short |
| tradeXYZ xyz:LITElong | +0.0254% | 1h | 965.70 | long leg | $7.3M | $5.0M | 10x | |
| Binance LITEUSDT | +0.0359% | 8h | 965.47 | −0.024% | $13.9M | $44.1M | 25x | as long as short |
| Extended LITE-USD | +0.0360% | 1h | 965.49 | −0.021% | $9K | $203K | 10x | as long as short |
BloFin LITE-USDT
Lighter LITE
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
edgeX LITEUSDC
Deribit LITE_USDC-PERPETUAL
SoDEX LITE-USD
Variational Omni LITE
Binance LITEUSDT
Extended LITE-USD