Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%

Price spread now: tradeXYZ against SunX−0.084%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2892.895% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.084%, 7d avg −0.048%

Together, before fees+0.003%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.037% cheaper against SunX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.048%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	272.86	0	get 0.0000% / 8h	2h 06m	$988	$2.3M	10x
Short	tradeXYZ xyz:BE	272.63	0.0050	get 0.0006% / 1h	6m 10s	$5.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.084%Rate

Funding earned: $10.5
Price spread: −0.084% → −0.048%: −$3.67
Slippage, 4 orders: −$263.45
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$282.62
Costs to cover: 2.895%
Break-even: 195.4 days

Slippage from SunX: live order book, 10 min ago; tradeXYZ: live order book, 12 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, 10 min ago	45.26 bp	125.6 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	1.29 bp	17.8 bp −$18	doesn't fit	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
Bitget BEUSDT	−0.0060%	8h	272.80	−0.022%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	272.59	−0.097%	$342K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.71	−0.054%	$46K	$253K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.81	−0.017%	$8.3M	$37.4M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.80	−0.022%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.80	−0.022%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.76	−0.035%	$6K	$158K	10x	as long as short
SunX BE-USDTlong	0.0000%	8h	272.86	long leg	$988	$2.3M	10x
HTX BE-USDT	0.0000%	8h	272.84	−0.007%	$13K	$35K	20x	as long as short
QFEX BE-USD	+0.0024%	1h	272.72	−0.051%	$1.3M	$2.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BEUSDT	+0.0025%	8h	272.90	+0.015%	$2.0M	$1.2M	25x	as long as short
Lighter BE	+0.0032%	1h	272.25	−0.224%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.46	−0.147%	$243K	$300K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.48	−0.139%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.62	−0.088%	—	—	10x	as long as short
tradeXYZ xyz:BEshort	+0.0050%	1h	272.63	−0.084%	$5.9M	$2.8M	10x
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.832%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.59	−0.099%	$368K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.71	−0.056%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.95	+0.033%	$45K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.1403%	1h	272.73	−0.048%	$6K	$4K	10x	as long as short