Settings8H · net · $10k
Funding arb · Price arb /

BOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.037%
Price spread now: QFEX against Bybit+0.206%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.006%−$1 on $10k
Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.206%, 7d avg +0.007%
Together, before fees−0.080%−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.200% dearer against Bybit than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of +0.007%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.3 days. At the pace of the last 4 days (−0.006% in total) that is about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BOTUSDT29.1000get 0.0000% / 8h1h 06m$515K$577K25x
ShortQFEX BOT-USD29.160−0.0080pay 0.0010% / 1h6m 51s$1.1M$495K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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

Funding earned
−$16.8
Price spread: +0.206% → +0.007%
$19.97
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$17.83
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 28 min ago; QFEX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 28 min ago5.15 bp110.8 bp −$111233.8 bp −$2,338doesn't fitdoesn't fit
Sell QFEX live order book, 4 min ago102.88 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

BOT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BOT-USDT-SWAP−0.1553%8h29.140+0.137%$232K$223K20xas long as short
tradeXYZ xyz:BOT−0.1547%1h29.112+0.041%$3.1M$789K10xas long as short
KuCoin BOTUSDTM−0.0602%8h29.150+0.172%$93K$388K20xas long as short
Binance BOTUSDT−0.0544%8h29.154+0.187%$453K$1.2M10xas long as short
Variational Omni BOT−0.0467%8h29.160+0.205%$31K$14Kas long as short
Bitget BOTUSDT−0.0162%8h29.250+0.515%$243K$130K5xas long as short
QFEX BOT-USDshort−0.0080%1h29.160+0.206%$1.1M$495K10x
Bybit BOTUSDTlong0.0000%8h29.100long leg$515K$577K25x
Gate BOT_USDT0.0000%8h29.160+0.206%$250K$233K20xas long as short
Lighter BOT+0.0032%1h29.330+0.790%$67K$1K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD+0.0040%1h29.1000.000%$3K$9K5xas long as short
HTX BOT-USDT+0.0100%8h29.187+0.299%$4K$34K10xas long as short