Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin+0.044%7-day average −0.002% · 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−$260as in the Price arb table

costs, in and out, $10k−$2642.642% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.044%, 7d avg −0.002%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.046% dearer against KuCoin than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.002%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEUSDTM	274.53	0.0100	pay 0.0100% / 8h	3h 47m	$371K	$19K	20x
Short	QFEX BE-USD	274.65	0.0036	get 0.0005% / 1h	47m 22s	$1.3M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$13.44
Price spread: +0.044% → −0.002%: $4.56
Slippage, 4 orders: −$242.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$273.13
Costs to cover: 2.642%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; QFEX: live order book, 5 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 KuCoin live order book, 25 min ago	18.89 bp	87.7 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.37 bp	8.4 bp −$8	14.0 bp −$140	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	274.47	−0.022%	$345K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.40	−0.047%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.00	+0.171%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.27	−0.096%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.19	−0.124%	$910	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.79	+0.095%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.37	−0.058%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.51	−0.007%	$251K	$290K	10x	as long as short
Extended BE-USD	+0.0032%	1h	274.58	+0.017%	$46K	$260K	10x	as long as short
Binance BEUSDT	+0.0035%	8h	274.65	+0.044%	$8.5M	$36.5M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USDshort	+0.0036%	1h	274.65	+0.044%	$1.3M	$2.7M	10x
Arcus BE-USD	+0.0040%	1h	274.40	−0.047%	$115K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.61	+0.029%	—	—	10x	as long as short
Bybit BEUSDT	+0.0048%	8h	274.74	+0.076%	$2.0M	$1.1M	25x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.64	+0.040%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.528%	$473K	$128K	10x	as long as short
KuCoin BEUSDTMlong	+0.0100%	8h	274.53	long leg	$371K	$19K	20x
Aevo BE-PERP	+0.0104%	1h	274.58	+0.017%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0139%	8h	274.85	+0.117%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0139%	8h	274.79	+0.095%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0661%	1h	274.58	+0.018%	$7K	$4K	10x	as long as short