Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.001%

Price spread now: SunX against Arcus+0.088%7-day average +0.121% · 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−$274as in the Price arb table

costs, in and out, $10k−$2702.705% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.229%+$23 · spread now +0.088%, 7d avg +0.121%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.033% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.121%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	273.03	0.0040	pay 0.0005% / 1h	29m 48s	$114K	$134K	10x
Short	SunX BE-USDT	273.27	0	get 0.0000% / 8h	1h 29m	$1K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$8.46
Price spread: +0.088% → +0.121%: −$3.28
Slippage, 4 orders: −$257.98
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$282.22
Costs to cover: 2.705%
Break-even: never at this rate

Slippage from Arcus: live order book, 53 min ago; SunX: live order book, 7 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, 53 min ago	1.47 bp	7.7 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	45.96 bp	129.8 bp −$130	doesn't fit	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	273.15	+0.043%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.29	+0.095%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.36	+0.121%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	273.23	+0.073%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.00	−0.011%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.26	+0.084%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.15	+0.043%	$7K	$194K	10x	as long as short
SunX BE-USDTshort	0.0000%	8h	273.27	+0.088%	$1K	$2.6M	10x
HTX BE-USDT	0.0000%	8h	273.40	+0.136%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.00	−0.011%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.27	+0.088%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.27	+0.088%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	273.03	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.99	−0.015%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.289%	$467K	$121K	10x	as long as short
OKX BE-USDT-SWAP	+0.0069%	8h	273.35	+0.117%	$2.6M	$6.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.91	−0.044%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.32	+0.107%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.23	+0.073%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0170%	1h	273.14	+0.040%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0812%	1h	273.32	+0.106%	$6K	$4K	10x	as long as short