Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.045%

Price spread now: HTX against tradeXYZ+0.066%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.066% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BE	274.08	0.0050	pay 0.0006% / 1h	13m 08s	$5.9M	$2.9M	10x
Short	HTX BE-USDT	274.26	0	get 0.0000% / 8h	13m 08s	$13K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.5
Price spread: +0.066% → 0.000%: $6.57
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.93
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	1.46 bp	15.0 bp −$15	doesn't fit	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	274.54	+0.168%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.15	+0.026%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.90	−0.066%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.11	+0.011%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.13	+0.018%	$1K	$2.5M	10x	as long as short
HTX BE-USDTshort	0.0000%	8h	274.26	+0.066%	$13K	$33K	20x
Deribit BE_USDC-PERPETUAL	+0.0005%	1h	274.10	+0.007%	$7K	$4K	10x	as long as short
Lighter BE	+0.0032%	1h	274.00	−0.029%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.10	+0.007%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.99	−0.033%	$114K	$120K	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	274.20	+0.044%	—	—	10x	as long as short
tradeXYZ xyz:BElong	+0.0050%	1h	274.08	long leg	$5.9M	$2.9M	10x
QFEX BE-USD	+0.0073%	1h	274.07	−0.004%	$1.3M	$3.8M	10x	as long as short
Extended BE-USD	+0.0088%	1h	274.08	+0.001%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	+0.018%	$469K	$117K	10x	as long as short
Binance BEUSDT	+0.0088%	8h	274.15	+0.026%	$8.5M	$36.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.09	+0.004%	$370K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.13	+0.019%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0122%	8h	274.34	+0.096%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0208%	8h	274.15	+0.026%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0250%	8h	274.11	+0.011%	$2.6M	$6.8M	25x	as long as short