Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.032%

Price spread now: QFEX against OKX+0.475%7-day average +0.065% · 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−$228as in the Price arb table

costs, in and out, $10k−$2692.692% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.458%−$46 · spread now +0.475%, 7d avg +0.065%

Together, before fees−0.490%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.410% dearer against OKX than usual: you sell high and buy low (spread +0.475% now, against its 7-day average of +0.065%): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BX-USDT-SWAP	126.41	0.0057	pay 0.0057% / 8h	5h 59m	$164K	$114K	20x
Short	QFEX BX-USD	127.01	0	get 0.0000% / 1h	59m 25s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.475%Rate

Funding earned: −$11.87
Price spread: +0.475% → +0.065%: $40.98
Slippage, 4 orders: −$249.21
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$240.1
Costs to cover: 2.692%
Break-even: never at this rate

Slippage from OKX: live order book, just now; QFEX: live order book, 2 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 OKX live order book, just now	9.10 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.76 bp	81.0 bp −$81	81.2 bp −$812	87.4 bp −$8,740	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
tradeXYZ xyz:BX	−0.0540%	1h	126.28	−0.103%	$664K	$211K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.19	−0.172%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.38	−0.024%	$486K	$852K	25x	as long as short
QFEX BX-USDshort	0.0000%	1h	127.01	+0.475%	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.37	−0.032%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.50	+0.071%	$898K	$36K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.31	−0.079%	$568	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.43	+0.016%	$7K	$3K	20x	as long as short
GRVT BX_USDT_Perp	+0.0020%	8h	126.26	−0.118%	$626	$117K	10x	as long as short
OKX BX-USDT-SWAPlong	+0.0057%	8h	126.41	long leg	$164K	$114K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERP	+0.0220%	1h	138.75	+9.762%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0633%	8h	126.11	−0.237%	$114K	$1.0M	20x	as long as short
Variational Omni BX	+0.0949%	8h	126.34	−0.053%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1252%	8h	126.34	−0.052%	$783K	$486K	20x	as long as short