Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h —

Price spread now: Aevo against QFEX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—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. Aevo is 0.030% cheaper against QFEX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	271.53	0.0024	pay 0.0003% / 1h	35m 52s	$1.3M	$2.5M	10x
Short	Aevo BE-PERP	271.45	0.0104	get 0.0013% / 1h	35m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against QFEX. 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 QFEXbpFee AevobpOrdersPrice spread, now −0.030%Rate

Funding earned: $16.8
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.22
Costs to cover: 0.260%
Break-even: 12.1 days

Slippage unknown: QFEX: live order book, 12 min ago; Aevo: no order-book sample. 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 QFEX live order book, 12 min ago	1.65 bp	7.7 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget BEUSDT	−0.0010%	8h	271.39	−0.052%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.34	−0.068%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.41	−0.044%	$47K	$253K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.45	−0.029%	$8.3M	$37.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.40	−0.048%	$2.6M	$6.8M	25x	as long as short
Gate BE_USDT	0.0000%	8h	271.30	−0.085%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	270.86	−0.247%	$6K	$160K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.52	−0.004%	$999	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	270.93	−0.221%	$12K	$35K	20x	as long as short
Bybit BEUSDT	+0.0002%	8h	271.53	0.000%	$2.0M	$1.1M	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-USDlong	+0.0024%	1h	271.53	long leg	$1.3M	$2.5M	10x
Lighter BE	+0.0032%	1h	271.24	−0.107%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.34	−0.070%	$248K	$290K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.13	−0.147%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.44	−0.033%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.35	−0.066%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.346%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.55	+0.007%	$367K	$17K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	271.45	−0.030%	—	—	10x
BloFin BE-USDT	+0.0120%	8h	271.49	−0.015%	$45K	$144K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0377%	1h	271.46	−0.026%	$6K	$4K	10x	as long as short