Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.030%

Price spread now: Gate against QFEX−0.112%7-day average −0.003% · 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−$58as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.112%, 7d avg −0.003%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.110% cheaper against QFEX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	275.91	0.0012	pay 0.0002% / 1h	14m 51s	$1.3M	$2.8M	10x
Short	Gate BE_USDT	275.60	0	get 0.0000% / 8h	5h 14m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: −$2.55
Price spread: −0.112% → −0.003%: −$10.96
Slippage, 4 orders: −$22.03
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.55
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Gate: live order book, 3 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	1.63 bp	7.0 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.82 bp	12.5 bp −$13	43.6 bp −$436	87.7 bp −$8,774	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	275.51	−0.147%	$347K	$119K	20x	as long as short
Gate BE_USDTshort	0.0000%	8h	275.60	−0.112%	$1.5M	$3.3M	50x
Bitget BEUSDT	0.0000%	8h	275.78	−0.047%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.78	−0.048%	$7K	$164K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.88	−0.011%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	276.02	+0.040%	$13K	$34K	20x	as long as short
QFEX BE-USDlong	+0.0012%	1h	275.91	long leg	$1.3M	$2.8M	10x
Bybit BEUSDT	+0.0015%	8h	275.95	+0.014%	$2.0M	$1.2M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−1.026%	$473K	$129K	10x	as long as short
Lighter BE	+0.0032%	1h	275.49	−0.152%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	275.72	−0.069%	$252K	$289K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.49	−0.152%	$115K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.82	−0.033%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.57	−0.123%	$5.9M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0063%	8h	275.86	−0.018%	$8.4M	$36.2M	25x	as long as short
Extended BE-USD	+0.0064%	1h	275.81	−0.037%	$47K	$261K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.72	−0.069%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.83	−0.030%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0120%	8h	276.10	+0.069%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0183%	8h	275.84	−0.025%	$1K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0657%	1h	275.88	−0.011%	$7K	$4K	10x	as long as short