BE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.030%

Price spread now: tradeXYZ against Arcus+0.004%7-day average +0.066% · 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−$57as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.004%, 7d avg +0.066%

Together, before fees−0.060%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.063% cheaper against Arcus than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.066%). If the spread goes back, that is −$6 on $10k: about 22 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.039% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	275.05	0.0040	pay 0.0005% / 1h	2m 32s	$115K	$112K	10x
Short	tradeXYZ xyz:BE	275.06	0.0050	get 0.0006% / 1h	2m 32s	$5.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.004%Rate

Funding earned: $2.04
Price spread: +0.004% → +0.066%: −$6.28
Slippage, 4 orders: −$27.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.55
Costs to cover: 0.503%
Break-even: 194.0 days

Slippage from Arcus: live order book, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago	6.54 bp	12.1 bp −$12	21.7 bp −$217	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	1.09 bp	15.9 bp −$16	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	274.97	−0.030%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.00	−0.018%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.16	+0.040%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.23	+0.065%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.51	+0.167%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	275.04	−0.004%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.15	+0.036%	$251K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.18	+0.047%	$1.3M	$3.5M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	275.05	long leg	$115K	$112K	10x
Vest BE-USD-PERP	+0.0046%	1h	275.27	+0.080%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BEshort	+0.0050%	1h	275.06	+0.004%	$5.9M	$2.8M	10x
Deribit BE_USDC-PERPETUAL	+0.0077%	1h	275.16	+0.040%	$7K	$4K	10x	as long as short
Bybit BEUSDT	+0.0088%	8h	275.31	+0.095%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.23	+0.065%	$372K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.13	+0.028%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	274.76	−0.105%	$475K	$132K	10x	as long as short
Binance BEUSDT	+0.0205%	8h	275.16	+0.040%	$8.6M	$36.3M	25x	as long as short
Extended BE-USD	+0.0208%	1h	275.14	+0.031%	$46K	$264K	10x	as long as short
OKX BE-USDT-SWAP	+0.0255%	8h	275.20	+0.055%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0324%	8h	275.21	+0.058%	$45K	$141K	20x	as long as short
GRVT BE_USDT_Perp	+0.0555%	8h	275.42	+0.134%	$7K	$173K	10x	as long as short