Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.6% APRpaid last 24h +0.011%

Price spread now: QFEX against HTX−0.054%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 QFEX

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. QFEX is 0.054% cheaper against HTX than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.5 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	275.52	0	get 0.0000% / 8h	4h 46m	$13K	$34K	20x
Short	QFEX BE-USD	275.37	0.0052	get 0.0006% / 1h	46m 42s	$1.3M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $10.82
Price spread: −0.054% → 0.000%: −$5.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.63
Costs to cover: 0.220%
Break-even: 17.8 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 11 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 QFEX live order book, 11 min ago	1.27 bp	6.3 bp −$6	9.0 bp −$90	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	275.24	−0.102%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.10	−0.152%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.41	−0.040%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.51	−0.005%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.45	−0.025%	$1K	$2.4M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	275.52	long leg	$13K	$34K	20x
Lighter BE	+0.0032%	1h	275.16	−0.131%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.30	−0.080%	$251K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.886%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.28	−0.087%	$115K	$109K	10x	as long as short

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	275.43	−0.033%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.27	−0.091%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USDshort	+0.0052%	1h	275.37	−0.054%	$1.3M	$2.7M	10x
Extended BE-USD	+0.0072%	1h	275.37	−0.055%	$46K	$256K	10x	as long as short
Binance BEUSDT	+0.0072%	8h	275.44	−0.027%	$8.5M	$36.3M	25x	as long as short
Bybit BEUSDT	+0.0074%	8h	275.40	−0.044%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.31	−0.076%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.42	−0.037%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0128%	8h	275.50	−0.007%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0193%	8h	275.38	−0.051%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0404%	1h	275.35	−0.062%	$7K	$4K	10x	as long as short