Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.015%

Price spread now: Binance against QFEX+0.073%7-day average +0.025% · 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−$33as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 2 days (all we have)−0.078%−$8 · spread now +0.073%, 7d avg +0.025%

Together, before fees−0.068%−$7 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 Binance is 0.048% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	273.77	0.0073	pay 0.0009% / 1h	59m 35s	$1.3M	$3.9M	10x
Short	Binance BEUSDT	273.97	0.0084	get 0.0084% / 8h	7h 59m	$8.5M	$36.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $2.32
Price spread: +0.073% → +0.025%: $4.77
Slippage, 4 orders: −$17.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.67
Costs to cover: 0.378%
Break-even: 99.5 days

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 12 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 QFEX live order book, 3 min ago	2.19 bp	9.3 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.55 bp	10.1 bp −$10	26.3 bp −$263	96.9 bp −$9,686	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
tradeXYZ xyz:BE	−0.0114%	1h	274.09	+0.117%	$5.9M	$2.9M	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.54	+0.280%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	273.77	0.000%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.10	+0.121%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.07	+0.110%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.27	+0.183%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.31	+0.197%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.49	−0.102%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.64	−0.047%	$249K	$298K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.01	+0.088%	$114K	$120K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	273.98	+0.077%	—	—	10x	as long as short
QFEX BE-USDlong	+0.0073%	1h	273.77	long leg	$1.3M	$3.9M	10x
Binance BEUSDTshort	+0.0084%	8h	273.97	+0.073%	$8.5M	$36.9M	25x
Extended BE-USD	+0.0088%	1h	273.86	+0.032%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	+0.131%	$469K	$117K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.16	+0.142%	$370K	$22K	20x	as long as short
GRVT BE_USDT_Perp	+0.0103%	8h	274.27	+0.184%	$6K	$182K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.24	+0.172%	—	—	10x	as long as short
BloFin BE-USDT	+0.0206%	8h	274.30	+0.194%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0253%	8h	274.10	+0.121%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0297%	1h	274.27	+0.183%	$7K	$4K	10x	as long as short