Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: QFEX against Bitget+0.388%7-day average +0.132% · 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−$403as in the Price arb table

costs, in and out, $10k−$4284.282% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days+0.863%+$86 · spread now +0.388%, 7d avg +0.132%

Together, before fees+0.861%+$86 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.256% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	42m 07s	$899K	$31K	20x
Short	QFEX BX-USD	126.91	0	get 0.0000% / 1h	42m 07s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.388%Rate

Funding earned: $0
Price spread: +0.388% → +0.132%: $25.57
Slippage, 4 orders: −$406.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$402.59
Costs to cover: 4.282%
Break-even: never at this rate

Slippage from Bitget: live order book, 59 min ago; QFEX: live order book, 4 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 Bitget live order book, 59 min ago	14.24 bp	93.7 bp −$94	167.7 bp −$1,677	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	109.45 bp	114.4 bp −$114	114.4 bp −$1,144	doesn't fit	doesn't fit

BX on 14 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 BXUSDT	0.0000%	8h	126.29	−0.105%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.40	−0.017%	$774K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.41	−0.008%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.31	−0.087%	$163K	$112K	20x	as long as short
QFEX BX-USDshort	0.0000%	1h	126.91	+0.388%	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.43	+0.008%	$422K	$25K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.42	long leg	$899K	$31K	20x
Variational Omni BX	0.0000%	8h	126.36	−0.047%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.40	−0.016%	$914	$287K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.41	−0.008%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0045%	8h	126.37	−0.039%	$301	$100K	10x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.25	−0.134%	$664K	$225K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.18	−0.190%	$110K	$778K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.745%	$4K	$32K	12x	as long as short