Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.299%

Price spread now: GRVT against QFEX−0.575%7-day average −0.130% · 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−$431as in the Price arb table

costs, in and out, $10k−$3873.868% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.247%+$25 on $10k

Price spread, last 4 days (all we have)+0.548%+$55 · spread now −0.575%, 7d avg −0.130%

Together, before fees+0.795%+ Points / potential airdropGRVT: Active · farm board+$79 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: GRVT is 0.445% cheaper against QFEX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BX-USD	127.03	0	get 0.0000% / 1h	31m 34s	$1.1M	$1.4M	10x
Short	GRVT BX_USDT_Perp	126.30	0	get 0.0000% / 8h	5h 31m	$688	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.575%Rate

Funding earned: $0
Price spread: −0.575% → −0.130%: −$44.48
Slippage, 4 orders: −$367.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$431.24
Costs to cover: 3.868%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; GRVT: live order book, 26 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	2.36 bp	79.2 bp −$79	80.7 bp −$807	87.0 bp −$8,698	doesn't fit
Sell GRVT live order book, 26 min ago	2.77 bp	35.9 bp −$36	doesn't fit	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
tradeXYZ xyz:BX	−0.0481%	1h	126.14	−0.701%	$664K	$212K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.18	−0.670%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.23	−0.630%	$485K	$834K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.35	−0.535%	$164K	$114K	20x	as long as short
QFEX BX-USDlong	0.0000%	1h	127.03	long leg	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.36	−0.527%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−0.480%	$898K	$36K	20x	as long as short
GRVT BX_USDT_Perpshort	0.0000%	8h	126.30	−0.575%	$688	$114K	10x
SunX BX-USDT	0.0000%	8h	126.22	−0.638%	$730	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.54	−0.386%	$7K	$3K	20x	as long as short

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	+9.226%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0461%	8h	126.13	−0.708%	$114K	$998K	20x	as long as short
Variational Omni BX	+0.0814%	8h	126.22	−0.637%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1071%	8h	126.27	−0.598%	$782K	$486K	20x	as long as short