Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.010%

Price spread now: QFEX against Bitget+0.011%7-day average −0.025% · 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−$44as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.011%, 7d avg −0.025%

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BEUSDT	274.04	0	get 0.0000% / 8h	52m 36s	$1.7M	$2.7M	20x
Short	QFEX BE-USD	274.07	0.0073	get 0.0009% / 1h	52m 36s	$1.3M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $15.32
Price spread: +0.011% → −0.025%: $3.57
Slippage, 4 orders: −$25.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.51
Costs to cover: 0.474%
Break-even: 20.0 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.64 bp	18.1 bp −$18	26.0 bp −$260	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.64 bp	7.7 bp −$8	11.7 bp −$117	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	273.72	−0.117%	$344K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.01	−0.011%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.90	−0.051%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTlong	0.0000%	8h	274.04	long leg	$1.7M	$2.7M	20x
SunX BE-USDT	0.0000%	8h	274.13	+0.033%	$984	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.21	+0.062%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.79	−0.091%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.04	0.000%	$250K	$380K	10x	as long as short
Extended BE-USD	+0.0032%	1h	274.07	+0.012%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0038%	8h	274.11	+0.026%	$8.5M	$37.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	273.85	−0.069%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.87	−0.062%	—	—	10x	as long as short
QFEX BE-USDshort	+0.0073%	1h	274.07	+0.011%	$1.3M	$3.8M	10x
GRVT BE_USDT_Perp	+0.0077%	8h	274.02	−0.006%	$7K	$184K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	272.24	−0.657%	$467K	$120K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.76	−0.102%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.08	+0.015%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	274.08	+0.015%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0136%	1h	273.90	−0.051%	$5.9M	$2.9M	10x	as long as short
OKX BE-USDT-SWAP	+0.0208%	8h	274.24	+0.073%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0590%	1h	274.09	+0.018%	$7K	$4K	10x	as long as short