BE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%

Price spread now: QFEX against Arcus+0.055%7-day average +0.091% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.055%, 7d avg +0.091%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.036% cheaper against Arcus than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.091%). If the spread goes back, that is −$4 on $10k: about 3.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	273.90	0.0040	pay 0.0005% / 1h	48m 05s	$114K	$134K	10x
Short	QFEX BE-USD	274.05	0.0073	get 0.0009% / 1h	48m 05s	$1.3M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee QFEXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $6.86
Price spread: +0.055% → +0.091%: −$3.64
Slippage, 4 orders: −$17.18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.45
Costs to cover: 0.317%
Break-even: 36.0 days

Slippage from Arcus: live order book, 30 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 Arcus live order book, 30 min ago	3.30 bp	6.8 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.46 bp	6.5 bp −$6	12.5 bp −$125	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.49	+0.217%	$345K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.10	+0.073%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.90	0.000%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.03	+0.047%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.13	+0.084%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.16	+0.095%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.82	−0.029%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.00	+0.037%	$250K	$380K	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	273.90	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	273.88	−0.007%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BE-USD	+0.0072%	1h	274.03	+0.048%	$46K	$270K	10x	as long as short
QFEX BE-USDshort	+0.0073%	1h	274.05	+0.055%	$1.3M	$3.8M	10x
Binance BEUSDT	+0.0073%	8h	274.08	+0.066%	$8.5M	$37.0M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.25	+0.128%	$470K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.76	−0.051%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.10	+0.073%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0109%	8h	274.15	+0.090%	$7K	$184K	10x	as long as short
tradeXYZ xyz:BE	+0.0126%	1h	273.92	+0.007%	$5.9M	$2.9M	10x	as long as short
BloFin BE-USDT	+0.0186%	8h	274.22	+0.117%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0222%	8h	274.14	+0.088%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0553%	1h	274.08	+0.066%	$7K	$4K	10x	as long as short