Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.001%

Price spread now: Arcus against HTX−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.076% cheaper against HTX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	275.62	0	get 0.0000% / 8h	4h 50m	$13K	$34K	20x
Short	Arcus BE-USD	275.41	0.0040	get 0.0005% / 1h	50m 12s	$115K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.076%Rate

Funding earned: $8.46
Price spread: −0.076% → 0.000%: −$7.62
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.66
Costs to cover: 0.165%
Break-even: 20.0 days

Slippage unknown: HTX: no order-book sample; Arcus: live order book, 8 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 8 min ago	4.17 bp	10.9 bp −$11	23.3 bp −$233	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	275.31	−0.114%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.20	−0.152%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.51	−0.040%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.67	+0.020%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.63	+0.004%	$1K	$2.4M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	275.62	long leg	$13K	$34K	20x
Lighter BE	+0.0032%	1h	275.24	−0.138%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.38	−0.087%	$251K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.922%	$473K	$129K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	275.41	−0.076%	$115K	$109K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.55	−0.025%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.28	−0.123%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.50	−0.044%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0077%	8h	275.46	−0.058%	$8.5M	$36.3M	25x	as long as short
Extended BE-USD	+0.0080%	1h	275.40	−0.080%	$46K	$259K	10x	as long as short
Bybit BEUSDT	+0.0087%	8h	275.47	−0.054%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.33	−0.105%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.42	−0.072%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0132%	8h	275.60	−0.007%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0197%	8h	275.53	−0.033%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0477%	1h	275.47	−0.054%	$7K	$4K	10x	as long as short