Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.011%

Price spread now: QFEX against Bybit0.000%7-day average −0.034% · 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−$74as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days+0.022%+$2 · spread now 0.000%, 7d avg −0.034%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEUSDT	272.50	0.0009	pay 0.0009% / 8h	2h 54m	$2.0M	$1.1M	25x
Short	QFEX BE-USD	272.50	0.0024	get 0.0003% / 1h	54m 53s	$1.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $3.16
Price spread: 0.000% → −0.034%: $3.36
Slippage, 4 orders: −$56.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$70.5
Costs to cover: 0.770%
Break-even: 163.2 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 3 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 Bybit live order book, 2 min ago	3.48 bp	17.0 bp −$17	136.2 bp −$1,362	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.20 bp	7.2 bp −$7	12.7 bp −$127	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	272.61	+0.039%	$343K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.58	+0.028%	$47K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.64	+0.050%	$8.3M	$37.0M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.70	+0.073%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.63	+0.048%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.39	−0.039%	$6K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.70	+0.073%	$968	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.48	−0.007%	$12K	$35K	20x	as long as short
Bybit BEUSDTlong	+0.0009%	8h	272.50	long leg	$2.0M	$1.1M	25x
QFEX BE-USDshort	+0.0024%	1h	272.50	0.000%	$1.3M	$2.5M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	272.51	+0.004%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.65	+0.055%	$249K	$290K	10x	as long as short
OKX BE-USDT-SWAP	+0.0037%	8h	272.64	+0.051%	$2.6M	$6.9M	25x	as long as short
Arcus BE-USD	+0.0040%	1h	272.10	−0.147%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.49	−0.004%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.55	+0.018%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	271.77	−0.268%	$475K	$136K	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0080%	1h	272.66	+0.059%	$6K	$4K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.57	+0.026%	$368K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.56	+0.020%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.80	+0.110%	$46K	$144K	20x	as long as short