Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.045%

Price spread now: tradeXYZ against HTX−0.124%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.124% cheaper against HTX than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	274.17	0	get 0.0000% / 8h	45m 14s	$13K	$33K	20x
Short	tradeXYZ xyz:BE	273.83	0.0125	get 0.0016% / 1h	45m 14s	$5.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.124%Rate

Funding earned: $26.27
Price spread: −0.124% → 0.000%: −$12.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$16.13
Costs to cover: 0.300%
Break-even: 11.3 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.28 bp	12.5 bp −$12	doesn't fit	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	274.17	0.000%	$345K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.06	−0.040%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.90	−0.098%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.93	−0.088%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.06	−0.040%	$1K	$2.6M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	274.17	long leg	$13K	$33K	20x
Lighter BE	+0.0032%	1h	273.72	−0.164%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.93	−0.088%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.83	−0.124%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.87	−0.109%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0073%	1h	274.00	−0.062%	$1.3M	$3.8M	10x	as long as short
Binance BEUSDT	+0.0087%	8h	274.06	−0.040%	$8.5M	$37.0M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.01	−0.058%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	−0.015%	$469K	$123K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.80	−0.135%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.00	−0.061%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0123%	8h	274.11	−0.023%	$7K	$184K	10x	as long as short
tradeXYZ xyz:BEshort	+0.0125%	1h	273.83	−0.124%	$5.9M	$2.9M	10x
BloFin BE-USDT	+0.0197%	8h	274.11	−0.022%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0233%	8h	274.29	+0.044%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0773%	1h	274.04	−0.047%	$7K	$4K	10x	as long as short