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

NOW

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h +0.047%
Price spread now: tradeXYZ against QFEX+0.058%7-day average +0.040% · 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−$63as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Long on QFEXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.049%+$5 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.058%, 7d avg +0.040%
Together, before fees+0.029%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NOW-USD137.790get 0.0000% / 1h13m 09s$1.1M$1.9M10x
ShorttradeXYZ xyz:NOW137.870.0335get 0.0042% / 1h13m 09s$2.1M$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$70.39
Price spread: +0.058% → +0.040%
$1.8
Slippage, 4 orders
−$36.49
Fee QFEX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$7.7
Costs to cover
0.645%
Break-even
6.2 days
Slippage from QFEX: live order book, 4 min ago; tradeXYZ: live order book, 5 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 QFEX live order book, 4 min ago2.18 bp9.1 bp −$917.3 bp −$173doesn't fitdoesn't fit
Sell tradeXYZ live order book, 5 min ago3.26 bp18.4 bp −$18doesn't fitdoesn't fitdoesn't fit

NOW 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 NOWUSDT0.0000%8h138.82+0.746%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.94+0.109%$488K$227K20xas long as short
QFEX NOW-USDlong0.0000%1h137.79long leg$1.1M$1.9M10x
Gate NOW_USDT0.0000%8h138.00+0.152%$245K$372K20xas long as short
Bitget NOWUSDT0.0000%8h137.96+0.123%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h138.05+0.189%$947$401K10xas long as short
HTX NOW-USDT0.0000%8h138.03+0.174%$5K$29K20xas long as short
Lighter NOW+0.0032%1h137.91+0.087%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.459%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.81+0.015%——25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.82+0.022%$316K$658K20xas long as short
Binance NOWUSDT+0.0146%8h138.03+0.174%$1.8M$1.5M20xas long as short
Bybit NOWUSDT+0.0169%8h138.02+0.167%$1.6M$5.1M25xas long as short
tradeXYZ xyz:NOWshort+0.0335%1h137.87+0.058%$2.1M$229K10x
GRVT NOW_USDT_Perp+0.0566%8h138.02+0.163%$305$152K10xas long as short