BE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.018%

Price spread now: QFEX against Coinbase International+0.052%7-day average +0.271% · 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−$60as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.052%, 7d avg +0.271%

Together, before fees−0.121%−$12 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 QFEX is 0.219% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.271%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	271.77	0.0064	pay 0.0008% / 1h	0m 28s	$475K	$136K	10x
Short	QFEX BE-USD	271.91	0.0036	get 0.0005% / 1h	0m 28s	$1.3M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$5.88
Price spread: +0.052% → +0.271%: −$21.93
Slippage, 4 orders: −$17.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$65.72
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 53 min ago; QFEX: live order book, 2 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 Coinbase International live order book, 53 min ago	4.55 bp	10.2 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.58 bp	8.7 bp −$9	14.3 bp −$143	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	271.88	+0.042%	$342K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.74	−0.011%	$47K	$262K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.83	+0.021%	$8.3M	$36.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	271.70	−0.026%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.00	+0.085%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.32	+0.202%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.79	+0.007%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.05	+0.103%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0002%	8h	271.97	+0.074%	$2.0M	$1.1M	25x	as long as short
Lighter BE	+0.0032%	1h	271.62	−0.055%	—	—	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	271.69	−0.029%	$248K	$291K	10x	as long as short
QFEX BE-USDshort	+0.0036%	1h	271.91	+0.052%	$1.3M	$2.6M	10x
Arcus BE-USD	+0.0040%	1h	271.81	+0.015%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.85	+0.029%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0049%	8h	272.00	+0.085%	$2.6M	$6.9M	25x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.73	−0.015%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0064%	1h	271.77	long leg	$475K	$136K	10x
KuCoin BEUSDTM	+0.0100%	8h	271.80	+0.011%	$367K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.75	−0.006%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.03	+0.096%	$45K	$144K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0229%	1h	271.76	−0.004%	$6K	$4K	10x	as long as short