Funding you earn now, next payment 05:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Bybit−0.159%53s7-day average −0.106% · 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—prices read too far apart to compare
costs, in and out, $10k−$940.935% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.159%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.053% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.106%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. 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 | Bybit NOWUSDT | 138.15 | 0.0210 | pay 0.0210% / 8h | 3h 16m | $1.6M | $2.8M | 25x |
| Short | QFEX NOW-USD | 137.93 | 0 | get 0.0000% / 1h | 16m 44s | $1.1M | $1.5M | 10x |
Bybit NOWUSDT
QFEX NOW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. 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
- −$44.13
- Price spread: −0.159% → −0.106%
- −$5.35
- Slippage, 4 orders
- −$72.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$142.99
- Costs to cover
- 0.935%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 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 Bybit live order book, 6 min ago | 3.62 bp | 29.1 bp −$29 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.18 bp | 9.4 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
NOW on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 137.91 | −0.174% | $491K | $227K | 20x | as long as short |
| QFEX NOW-USDshort | 0.0000% | 1h | 137.93 | −0.159% | $1.1M | $1.5M | 10x | |
| Gate NOW_USDT | 0.0000% | 8h | 138.11 | −0.029% | $249K | $353K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 138.00 | −0.109% | $772K | $250K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 138.05 | −0.072% | $1K | $380K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.11 | −0.029% | $5K | $34K | 20x | as long as short |
| Aster NOWUSDT | +0.0032% | 8h | 138.46 | +0.226% | $41K | $995 | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.02 | −0.094% | $5K | $184 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.194% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.92 | −0.166% | — | — | 25x | as long as short |
OKX NOW-USDT-SWAP
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Aster NOWUSDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 137.88 | −0.195% | $317K | $637K | 20x | as long as short |
| Bybit NOWUSDTlong | +0.0210% | 8h | 138.15 | long leg | $1.6M | $2.8M | 25x | |
| Binance NOWUSDT | +0.0241% | 8h | 138.08 | −0.053% | $1.8M | $1.4M | 20x | as long as short |
| BloFin NOW-USDT | +0.0261% | 8h | 138.03 | −0.087% | $46K | $17K | 20x | as long as short |
| tradeXYZ xyz:NOW | +0.0295% | 1h | 137.96 | −0.138% | $2.1M | $224K | 10x | as long as short |
| GRVT NOW_USDT_Perp | +0.0456% | 8h | 138.02 | −0.092% | $271 | $147K | 10x | as long as short |
KuCoin NOWUSDTM
Binance NOWUSDT
BloFin NOW-USDT
tradeXYZ xyz:NOW
GRVT NOW_USDT_Perp