Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.001%

Price spread now: Arcus against SunX−0.029%7-day average −0.121% · 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−$264as in the Price arb table

costs, in and out, $10k−$2732.735% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now −0.029%, 7d avg −0.121%

Together, before fees−0.364%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.092% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	274.94	0	get 0.0000% / 8h	3h 59m	$1K	$2.4M	10x
Short	Arcus BE-USD	274.86	0.0040	get 0.0005% / 1h	59m 01s	$115K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.029%Rate

Funding earned: $8.46
Price spread: −0.029% → −0.121%: $9.2
Slippage, 4 orders: −$260.96
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$255.81
Costs to cover: 2.735%
Break-even: 218.7 days

Slippage from SunX: live order book, 8 min ago; Arcus: live order book, 59 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 SunX live order book, 8 min ago	44.83 bp	124.4 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 59 min ago	4.17 bp	10.9 bp −$11	23.3 bp −$233	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
Deribit BE_USDC-PERPETUAL	−0.0295%	1h	274.92	−0.007%	$7K	$4K	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.77	−0.062%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.70	−0.087%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.87	−0.025%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.23	+0.105%	$7K	$163K	10x	as long as short
SunX BE-USDTlong	0.0000%	8h	274.94	long leg	$1K	$2.4M	10x
HTX BE-USDT	0.0000%	8h	275.02	+0.029%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.58	−0.131%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.74	−0.073%	$251K	$290K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	274.86	−0.029%	$115K	$109K	10x

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	274.95	+0.004%	—	—	10x	as long as short
Extended BE-USD	+0.0048%	1h	274.70	−0.086%	$46K	$260K	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.68	−0.095%	$5.9M	$2.6M	10x	as long as short
Binance BEUSDT	+0.0051%	8h	274.77	−0.061%	$8.5M	$36.5M	25x	as long as short
QFEX BE-USD	+0.0052%	1h	274.94	0.000%	$1.3M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.677%	$473K	$128K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.82	−0.044%	$370K	$20K	20x	as long as short
Bybit BEUSDT	+0.0101%	8h	274.87	−0.025%	$2.0M	$1.2M	25x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.03	+0.034%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0147%	8h	274.94	0.000%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0171%	8h	274.97	+0.011%	$45K	$141K	20x	as long as short