Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.010%

Price spread now: QFEX against SunX+0.004%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2732.732% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.004%, 7d avg −0.029%

Together, before fees−0.179%−$18 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 QFEX is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	274.87	0	get 0.0000% / 8h	7h 57m	$1K	$2.5M	10x
Short	QFEX BE-USD	274.88	0.0037	get 0.0005% / 1h	57m 17s	$1.3M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $7.76
Price spread: +0.004% → −0.029%: $3.26
Slippage, 4 orders: −$255.19
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$262.17
Costs to cover: 2.732%
Break-even: 243.4 days

Slippage from SunX: live order book, 9 min ago; QFEX: live order book, 6 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, 9 min ago	45.55 bp	125.7 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.19 bp	8.6 bp −$9	11.9 bp −$119	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	274.60	−0.100%	$346K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.95	+0.029%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.60	−0.098%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.75	−0.044%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDTlong	0.0000%	8h	274.87	long leg	$1K	$2.5M	10x
HTX BE-USDT	0.0000%	8h	274.26	−0.222%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.62	−0.091%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.80	−0.025%	$250K	$298K	10x	as long as short
QFEX BE-USDshort	+0.0037%	1h	274.88	+0.004%	$1.3M	$3.9M	10x
Arcus BE-USD	+0.0040%	1h	274.22	−0.236%	$114K	$118K	10x	as long as short

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	274.91	+0.015%	—	—	10x	as long as short
Binance BEUSDT	+0.0086%	8h	274.90	+0.011%	$8.5M	$36.7M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.90	+0.011%	$46K	$266K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.66	−0.076%	$371K	$22K	20x	as long as short
GRVT BE_USDT_Perp	+0.0103%	8h	274.27	−0.217%	$6K	$182K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.51	−0.132%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	273.32	−0.564%	$467K	$116K	10x	as long as short
BloFin BE-USDT	+0.0206%	8h	275.01	+0.051%	$45K	$142K	20x	as long as short
OKX BE-USDT-SWAP	+0.0253%	8h	274.94	+0.025%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0442%	1h	274.86	−0.004%	$7K	$4K	10x	as long as short
tradeXYZ xyz:BE	+0.0770%	1h	274.54	−0.120%	$5.9M	$2.9M	10x	as long as short