Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.015%

Price spread now: QFEX against OKX+0.130%54s7-day average −0.044% · 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—prices read too far apart to compare

costs, in and out, $10k−$590.593% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.180%−$18 · spread now +0.130%, 7d avg −0.044%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.174% dearer against OKX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	269.30	0	get 0.0000% / 8h	7h 46m	$2.6M	$6.8M	25x
Short	QFEX BE-USD	269.65	0.0012	get 0.0002% / 1h	46m 44s	$1.3M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.130%Rate

Funding earned: $2.54
Price spread: +0.130% → −0.044%: $17.36
Slippage, 4 orders: −$39.32
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.42
Costs to cover: 0.593%
Break-even: 115.8 days

Slippage from OKX: live order book, 1 min ago; QFEX: live order book, 6 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, 1 min ago	1.11 bp	20.3 bp −$20	97.9 bp −$979	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.97 bp	13.1 bp −$13	20.2 bp −$202	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
GRVT BE_USDT_Perp	−0.0789%	8h	269.60	+0.113%	$6K	$153K	10x	as long as short
Bitget BEUSDT	−0.0024%	8h	269.51	+0.078%	$1.6M	$2.7M	20x	as long as short
Aster BEUSDT	0.0000%	8h	269.16	−0.052%	$340K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	269.56	+0.097%	$47K	$384K	10x	as long as short
Binance BEUSDT	0.0000%	8h	269.45	+0.057%	$8.1M	$37.2M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	269.47	+0.063%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	269.30	long leg	$2.6M	$6.8M	25x
Gate BE_USDT	0.0000%	8h	269.20	−0.037%	$1.3M	$3.3M	50x	as long as short
SunX BE-USDT	0.0000%	8h	269.67	+0.137%	$1K	$2.2M	10x	as long as short
HTX BE-USDT	0.0000%	8h	269.92	+0.230%	$12K	$35K	20x	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	+0.0012%	1h	269.65	+0.130%	$1.3M	$2.3M	10x
Coinbase International BE-PERP-INTX	+0.0016%	1h	269.24	−0.022%	$474K	$115K	10x	as long as short
Lighter BE	+0.0032%	1h	269.27	−0.011%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	269.27	−0.011%	$244K	$304K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	269.38	+0.030%	$113K	$91K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	269.50	+0.074%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	269.28	−0.007%	$5.8M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	269.60	+0.111%	$350K	$51K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	269.57	+0.099%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	269.75	+0.167%	$46K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0901%	1h	269.64	+0.126%	$6K	$4K	10x	as long as short