Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.011%

Price spread now: HTX against QFEX+0.132%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.132% dearer against QFEX than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	273.54	0.0036	pay 0.0005% / 1h	24m 21s	$1.3M	$2.6M	10x
Short	HTX BE-USDT	273.90	0	get 0.0000% / 8h	3h 24m	$13K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$7.56
Price spread: +0.132% → 0.000%: $13.16
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; HTX: 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, 3 min ago	1.64 bp	6.6 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Aster BEUSDT	0.0000%	8h	273.68	+0.051%	$344K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	273.40	−0.051%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.45	−0.033%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.48	+0.344%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.01	+0.172%	$1K	$2.4M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	273.42	−0.044%	$7K	$4K	10x	as long as short
HTX BE-USDTshort	0.0000%	8h	273.90	+0.132%	$13K	$35K	20x
Extended BE-USD	+0.0016%	1h	273.43	−0.038%	$47K	$262K	10x	as long as short
Binance BEUSDT	+0.0017%	8h	273.51	−0.012%	$8.4M	$36.7M	25x	as long as short
Bybit BEUSDT	+0.0025%	8h	273.59	+0.018%	$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
Lighter BE	+0.0032%	1h	273.57	+0.011%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.64	+0.037%	$250K	$290K	10x	as long as short
QFEX BE-USDlong	+0.0036%	1h	273.54	long leg	$1.3M	$2.6M	10x
Arcus BE-USD	+0.0040%	1h	273.67	+0.048%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.56	+0.007%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	273.44	−0.037%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.60	+0.022%	$477K	$136K	10x	as long as short
BloFin BE-USDT	+0.0086%	8h	273.61	+0.026%	$45K	$142K	20x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.61	+0.026%	$370K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.58	+0.016%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0109%	8h	273.67	+0.048%	$2.7M	$6.9M	25x	as long as short