Funding arb · Price arb /

BX

RWAall BX markets

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: Bitget against QFEX−0.386%46s7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on QFEX Short on Bitget

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−0.864%−$86 · spread now −0.386%, 7d avg −0.132%

Together, before fees−0.863%−$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: Bitget is 0.254% cheaper against QFEX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.132%. The two prices were read 46 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	QFEX BX-USD	126.91	0	get 0.0000% / 1h	41m 42s	$1.1M	$1.4M	10x
Short	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	41m 42s	$899K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.386%Rate

Funding earned: $0
Price spread: −0.386% → −0.132%: −$25.42
Slippage, 4 orders: −$406.16
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$453.58
Costs to cover: 4.282%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 59 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 QFEX live order book, 5 min ago	109.45 bp	178.0 bp −$178	179.1 bp −$1,791	189.2 bp −$18.9K	doesn't fit
Sell Bitget live order book, 59 min ago	14.24 bp	42.0 bp −$42	68.3 bp −$683	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	126.26	−0.514%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.37	−0.429%	$773K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.43	−0.378%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.31	−0.473%	$163K	$112K	20x	as long as short
QFEX BX-USDlong	0.0000%	1h	126.91	long leg	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.44	−0.370%	$422K	$25K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.42	−0.386%	$899K	$31K	20x
Variational Omni BX	0.0000%	8h	126.36	−0.433%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.40	−0.402%	$914	$287K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.41	−0.394%	$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	−0.425%	$301	$100K	10x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.28	−0.496%	$664K	$225K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.19	−0.567%	$110K	$777K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.322%	$4K	$32K	12x	as long as short