BE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Extended against QFEX−0.038%7-day average −0.011% · 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−$51as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.038%, 7d avg −0.011%

Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.027% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	271.51	0.0017	pay 0.0002% / 1h	40m 34s	$1.3M	$2.2M	10x
Short	Extended BE-USD	271.41	0	get 0.0000% / 1h	40m 34s	$46K	$381K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$3.54
Price spread: −0.038% → −0.011%: −$2.74
Slippage, 4 orders: −$33.3
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.58
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Extended: live order book, 61 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, 2 min ago	1.84 bp	9.7 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	1.66 bp	15.5 bp −$16	204.6 bp −$2,046	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
Gate BE_USDT	−0.0392%	8h	271.40	−0.041%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	−0.0080%	8h	271.43	−0.029%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.33	−0.067%	$343K	$128K	20x	as long as short
Extended BE-USDshort	0.0000%	1h	271.41	−0.038%	$46K	$381K	10x
Binance BEUSDT	0.0000%	8h	271.48	−0.011%	$8.2M	$37.1M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.61	+0.037%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.32	−0.070%	$7K	$155K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.59	+0.029%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.61	+0.037%	$12K	$35K	20x	as long as short
QFEX BE-USDlong	+0.0017%	1h	271.51	long leg	$1.3M	$2.2M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	271.25	−0.096%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.50	−0.004%	$242K	$305K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0032%	1h	270.59	−0.339%	$473K	$114K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.33	−0.066%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.52	+0.004%	—	—	10x	as long as short
Bybit BEUSDT	+0.0068%	8h	271.40	−0.041%	$2.0M	$1.1M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.36	−0.055%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.51	+0.001%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.59	+0.029%	$45K	$145K	20x	as long as short
tradeXYZ xyz:BE	+0.0127%	1h	271.44	−0.026%	$5.9M	$2.8M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0487%	1h	271.47	−0.015%	$6K	$4K	10x	as long as short