Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0600%/8h= +65.7% APRpaid last 24h +0.037%

Price spread now: tradeXYZ against HTX−0.150%49s7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. tradeXYZ is 0.150% cheaper against HTX than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 20 hours of funding at the current rate (+$18 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BX-USDT	126.56	0	get 0.0000% / 8h	1h 46m	$7K	$3K	20x
Short	tradeXYZ xyz:BX	126.37	0.0600	get 0.0075% / 1h	46m 25s	$663K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.150%Rate

Funding earned: $125.95
Price spread: −0.150% → 0.000%: −$15.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $80.94
Costs to cover: 0.300%
Break-even: 2.5 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 30 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 30 min ago	2.77 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit

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.

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
QFEX BX-USD	−0.0080%	1h	126.63	+0.055%	$1.1M	$1.2M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.21	−0.279%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.50	−0.047%	$500K	$855K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.37	−0.150%	$159K	$101K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.43	−0.103%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.58	+0.016%	$903K	$47K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.49	−0.055%	$913	$301K	10x	as long as short
HTX BX-USDTlong	0.0000%	8h	126.56	long leg	$7K	$3K	20x
Injective BX/USDC PERP	+0.0220%	1h	126.23	−0.261%	$1K	$27K	12x	as long as short
Variational Omni BX	+0.0513%	8h	126.46	−0.076%	$31K	$127	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0545%	8h	126.48	−0.063%	$112K	$1.2M	20x	as long as short
tradeXYZ xyz:BXshort	+0.0600%	1h	126.37	−0.150%	$663K	$177K	10x
Binance BXUSDT	+0.0815%	8h	126.47	−0.071%	$804K	$455K	20x	as long as short
GRVT BX_USDT_Perp	+0.1662%	8h	126.45	−0.085%	$1K	$127K	10x	as long as short