Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: QFEX against Gate+0.380%7-day average +0.073% · 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−$232as in the Price arb table

costs, in and out, $10k−$2632.627% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.380%, 7d avg +0.073%

Together, before fees−0.381%−$38 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 0.306% dearer against Gate than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.46	0	get 0.0000% / 8h	1h 58m	$422K	$25K	20x
Short	QFEX BX-USD	126.94	0	get 0.0000% / 1h	58m 20s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.380%Rate

Funding earned: $0
Price spread: +0.380% → +0.073%: $30.65
Slippage, 4 orders: −$237.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$232.1
Costs to cover: 2.627%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; QFEX: live order book, 3 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 Gate live order book, 47 min ago	14.64 bp	42.6 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.76 bp	70.4 bp −$70	71.5 bp −$715	77.6 bp −$7,760	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	126.35	−0.089%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.45	−0.011%	$776K	$495K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.45	−0.008%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.29	−0.134%	$163K	$112K	20x	as long as short
QFEX BX-USDshort	0.0000%	1h	126.94	+0.380%	$1.1M	$1.5M	10x
Gate BX_USDTlong	0.0000%	8h	126.46	long leg	$422K	$25K	20x
Bitget BXUSDT	0.0000%	8h	126.50	+0.032%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.43	−0.022%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.44	−0.016%	$479	$105K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.44	−0.016%	$618	$310K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.29	−0.134%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.27	−0.150%	$664K	$222K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.26	−0.158%	$115K	$831K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.711%	$4K	$32K	12x	as long as short