Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.024%

Price spread now: Arcus against OKX−0.169%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.169%, 7d avg −0.108%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.061% cheaper against OKX than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.108%). If the spread goes back, that is −$6 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.015% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	272.00	0	get 0.0000% / 8h	2h 15m	$2.6M	$6.9M	25x
Short	Arcus BE-USD	271.54	0.0040	get 0.0005% / 1h	15m 10s	$113K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.169%Rate

Funding earned: $8.46
Price spread: −0.169% → −0.108%: −$6.1
Slippage, 4 orders: −$37.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$49.8
Costs to cover: 0.522%
Break-even: 48.2 days

Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 33 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 OKX live order book, 3 min ago	2.76 bp	10.3 bp −$10	77.9 bp −$779	doesn't fit	doesn't fit
Sell Arcus live order book, 33 min ago	4.22 bp	14.9 bp −$15	25.5 bp −$255	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
Bitget BEUSDT	−0.0122%	8h	271.67	−0.121%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.81	−0.068%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.74	−0.094%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.90	−0.036%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	272.00	long leg	$2.6M	$6.9M	25x
Gate BE_USDT	0.0000%	8h	271.70	−0.110%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.69	−0.114%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.11	+0.040%	$914	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.81	−0.070%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0004%	8h	271.89	−0.040%	$2.0M	$1.2M	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-USD	+0.0024%	1h	271.66	−0.125%	$1.3M	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	271.77	−0.085%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.88	−0.044%	$242K	$300K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	271.54	−0.169%	$113K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	271.47	−0.195%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.66	−0.125%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.518%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.76	−0.088%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.81	−0.071%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.89	−0.040%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0265%	1h	271.76	−0.088%	$6K	$4K	10x	as long as short