Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.032%

Price spread now: QFEX against Gate+0.048%7-day average +0.004% · 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−$49as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.048%, 7d avg +0.004%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	272.90	0	get 0.0000% / 8h	1h 35m	$1.5M	$3.7M	50x
Short	QFEX BE-USD	273.03	0.0035	get 0.0004% / 1h	35m 59s	$1.3M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $7.27
Price spread: +0.048% → +0.004%: $4.33
Slippage, 4 orders: −$27.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$41.27
Costs to cover: 0.529%
Break-even: 46.7 days

Slippage from Gate: live order book, 2 min ago; QFEX: 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 Gate live order book, 2 min ago	3.67 bp	20.2 bp −$20	49.2 bp −$492	79.2 bp −$7,920	doesn't fit
Sell QFEX live order book, 7 min ago	2.20 bp	9.7 bp −$10	14.5 bp −$145	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	273.29	+0.143%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.00	+0.038%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.05	+0.055%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	273.05	+0.055%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDTlong	0.0000%	8h	272.90	long leg	$1.5M	$3.7M	50x
Bitget BEUSDT	0.0000%	8h	272.91	+0.004%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.93	+0.012%	$7K	$194K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.05	+0.055%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.07	+0.062%	$12K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	272.78	−0.044%	—	—	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	273.00	+0.037%	$249K	$424K	10x	as long as short
QFEX BE-USDshort	+0.0035%	1h	273.03	+0.048%	$1.3M	$3.7M	10x
Arcus BE-USD	+0.0040%	1h	272.82	−0.029%	$114K	$134K	10x	as long as short
OKX BE-USDT-SWAP	+0.0042%	8h	273.15	+0.092%	$2.6M	$6.8M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.86	−0.015%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.242%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.76	−0.051%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.07	+0.062%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.07	+0.062%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0176%	1h	272.85	−0.018%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0593%	1h	273.05	+0.055%	$6K	$4K	10x	as long as short