Funding arb · Price arb / RWA

BWET

RWAAll BWET markets →

LONGBingX▾Gate 0.0000%SunX 0.0000%HTX 0.0000%BingX +0.1396%Binance +0.1967%MEXC +0.1975%

⇄⇅

SHORTQFEX▾MEXC +0.1975%Binance +0.1967%QFEX 0.0000%Gate 0.0000%SunX 0.0000%HTX 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKBWET2USD-USDT	745.80	+0.1396	pay 0.1396% / 8h	4h 51m	$996K	$1.3M	—	Long BingX
SHORT	QFEXBWET-USD	730.01	0	0.0000% / 1h	51m 28s	$1.1M	$126K	10x	Short QFEX

Price gap−2.117%

Funding gap−0.1396% /8h

Both sides work against this direction now: funding costs $42 a day on $10k and the gap is 2.434% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 1 day it paid −0.064% in total, about −0.0189%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now−2.117%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BingXQFEX

BWET on 7 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

• !
  Watch: Thin at this size68.3 / 658.6 bp

  At $10k entering QFEX costs 658.6 bp, fee and slippage, 9.6× BingX’s.
• i
  Note: Margin at max leverage— + $1,000

  BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long BingX · 8h−$41.88

  Short QFEX · 1h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$41.88Long BingX: 3 payments, −$41.88; short QFEX: 24 payments, $0.00.
• !
  Watch: Gap narrower than usual−2.117% vs +0.317%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$996K vs $1.1M OI

  BingX sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBingX Yes · QFEX No

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0189%/8h × 21 periods−$39.71

Price spread−2.117% → +0.317% (7d avg)−$243.43

Slippage, 4 orderslive order books−$1,476.13

Fee BingX bp × 2 orders−$10.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$1,789.27

Costs to cover15.061%Break-evennever at this rate

Slippage: BingX: live order book, 2 min ago; QFEX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBingX5.0368.3 bp−$68196.1 bp−$1,961339.2 bp−$33.9K709.4 bp−$354.7K

SELL · SHORTQFEX252.12658.6 bp−$659doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

BWET news

posts that mention BWET, from every exchangeSearch all news →

09-30 10:07	SunX	Listing	new market BWET-USDT ($BWET) seen by our collector
09-30 07:17	HTX	Listing	new market BWET-USDT ($BWET) seen by our collector
09-29 14:11	MEXC	Listing	new market BWET_USDT ($BWET) seen by our collector
09-29 12:00	Gate	Listing	new market BWET_USDT ($BWET) seen by our collector
09-29 10:05	Binance	Listing	new market BWETUSDT ($BWET) seen by our collector
09-22 15:05	QFEX	Other	$BWET - Breakwave Tanker Shipping ETF is now trading 24/7 on QFEX @QFEX on X ↗