BE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.033%

Price spread now: Coinbase International against QFEX−0.600%7-day average −0.255% · 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−$70as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.560%+$56 · spread now −0.600%, 7d avg −0.255%

Together, before fees+0.628%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.345% cheaper against QFEX than usual: you would sell low and buy high (spread −0.600% now, against its 7-day average of −0.255%). If the spread goes back, that is −$34 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	274.97	0.0037	pay 0.0005% / 1h	56m 39s	$1.3M	$3.9M	10x
Short	Coinbase International BE-PERP-INTX	273.32	0.0128	get 0.0016% / 1h	56m 39s	$467K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.600%Rate

Funding earned: $19.12
Price spread: −0.600% → −0.255%: −$34.47
Slippage, 4 orders: −$15.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.94
Costs to cover: 0.356%
Break-even: 25.7 days

Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 16 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, 6 min ago	2.19 bp	9.3 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Coinbase International live order book, 16 min ago	2.19 bp	8.8 bp −$9	18.9 bp −$189	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	274.63	−0.124%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.60	−0.135%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.75	−0.080%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.87	−0.036%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.26	−0.258%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.75	−0.080%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.94	−0.011%	$251K	$298K	10x	as long as short
QFEX BE-USDlong	+0.0037%	1h	274.97	long leg	$1.3M	$3.9M	10x
Arcus BE-USD	+0.0040%	1h	274.30	−0.244%	$115K	$117K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.91	−0.022%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BEUSDT	+0.0072%	8h	275.02	+0.018%	$2.0M	$1.2M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.96	−0.004%	$46K	$266K	10x	as long as short
Binance BEUSDT	+0.0089%	8h	275.03	+0.021%	$8.6M	$36.6M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.74	−0.084%	$371K	$22K	20x	as long as short
GRVT BE_USDT_Perp	+0.0103%	8h	274.27	−0.254%	$6K	$182K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.51	−0.168%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0128%	1h	273.32	−0.600%	$467K	$116K	10x
BloFin BE-USDT	+0.0206%	8h	275.01	+0.015%	$45K	$142K	20x	as long as short
OKX BE-USDT-SWAP	+0.0257%	8h	275.02	+0.018%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0442%	1h	274.86	−0.040%	$7K	$4K	10x	as long as short
tradeXYZ xyz:BE	+0.0821%	1h	274.62	−0.127%	$5.9M	$2.9M	10x	as long as short