Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.046%

Price spread now: Coinbase International against HTX−0.304%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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

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. Coinbase International is 0.304% cheaper against HTX than usual: you would sell low and buy high (spread −0.304% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 16 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	273.07	0	get 0.0000% / 8h	1h 36m	$13K	$33K	20x
Short	Coinbase International BE-PERP-INTX	272.24	0.0064	get 0.0008% / 1h	36m 29s	$467K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.304%Rate

Funding earned: $13.44
Price spread: −0.304% → 0.000%: −$30.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.96
Costs to cover: 0.220%
Break-even: 27.3 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 47 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 Coinbase International live order book, 47 min ago	5.14 bp	10.8 bp −$11	23.0 bp −$230	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	273.29	+0.081%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.03	−0.015%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.05	−0.007%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	273.00	−0.026%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.80	−0.099%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.93	−0.051%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.93	−0.051%	$7K	$194K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.05	−0.007%	$1K	$2.6M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	273.07	long leg	$13K	$33K	20x
Lighter BE	+0.0032%	1h	272.82	−0.092%	—	—	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	273.03	−0.015%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.03	−0.015%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.82	−0.092%	$114K	$134K	10x	as long as short
OKX BE-USDT-SWAP	+0.0041%	8h	273.15	+0.029%	$2.6M	$6.8M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.86	−0.077%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0064%	1h	272.24	−0.304%	$467K	$121K	10x
KuCoin BEUSDTM	+0.0100%	8h	272.82	−0.092%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.05	−0.009%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.07	0.000%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0179%	1h	272.85	−0.081%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0703%	1h	273.06	−0.004%	$6K	$4K	10x	as long as short