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Funding arb · Price arb /

BX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0300%/8h= +32.9% APRnext payment +$0.38 per $10,000 · paid last 24h −0.060%
Price spread now: Injective against QFEX−3.228%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on QFEXShort on Injective
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 3.228% cheaper against QFEX than usual: you would sell low and buy high (spread −3.228% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$323 on $10k: about 36 days of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BX-USD130.44−0.0080get 0.0010% / 1h29m 22s$1.1M$1.3M10x
ShortInjective BX/USDC PERP126.230.0220get 0.0028% / 1h29m 22s$1K$27K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$63
Price spread: −3.228% → 0.000%
−$322.75
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$269.77
Costs to cover
0.100%
Break-even
37.0 days
Slippage unknown: QFEX: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 2 min ago207.65 bp623.4 bp −$623635.8 bp −$6,358645.7 bp −$64.6Kdoesn't fit
Sell Injective no order-book sample—————
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX BX-USDlong−0.0080%1h130.44long leg$1.1M$1.3M10x
Aster BXUSDT0.0000%8h126.23−3.230%$5K$2K20xas long as short
Bybit BXUSDT0.0000%8h126.51−3.013%$499K$856K25xas long as short
Gate BX_USDT0.0000%8h126.61−2.936%$425K$20K20xas long as short
Bitget BXUSDT0.0000%8h126.52−3.005%$903K$46K20xas long as short
SunX BX-USDT0.0000%8h126.43−3.074%$375$302K10xas long as short
HTX BX-USDT0.0000%8h126.62−2.929%$7K$3K20xas long as short
OKX BX-USDT-SWAP+0.0075%8h126.37−3.120%$159K$101K20xas long as short
Injective BX/USDC PERPshort+0.0220%1h126.23−3.228%$1K$27K12x
tradeXYZ xyz:BX+0.0543%1h126.40−3.097%$664K$177K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BXUSDTM+0.0687%8h126.39−3.105%$112K$1.1M20xas long as short
Variational Omni BX+0.0708%8h126.51−3.014%$31K$127—as long as short
Binance BXUSDT+0.0999%8h126.50−3.023%$804K$454K20xas long as short
GRVT BX_USDT_Perp+0.1865%8h126.53−2.998%$1K$126K10xas long as short