Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: SunX against QFEX+1.071%7-day average −0.055% · 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−$457as in the Price arb table

costs, in and out, $10k−$5705.696% of the position

Long on QFEX Short on SunX

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 4 days (all we have)−1.053%−$105 · spread now +1.071%, 7d avg −0.055%

Together, before fees−1.051%−$105 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: SunX is 1.126% dearer against QFEX than usual: you sell high and buy low, +$113 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BX-USD	125.11	0	get 0.0000% / 1h	47m 48s	$1.1M	$953K	10x
Short	SunX BX-USDT	126.45	0	get 0.0000% / 8h	4h 47m	$115	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.071%Rate

Funding earned: $0
Price spread: +1.071% → −0.055%: $112.57
Slippage, 4 orders: −$551.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$457.03
Costs to cover: 5.696%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; SunX: live order book, 46 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, 1 min ago	2.80 bp	190.8 bp −$191	190.8 bp −$1,908	195.2 bp −$19.5K	doesn't fit
Sell SunX live order book, 46 min ago	49.45 bp	125.5 bp −$125	doesn't fit	doesn't fit	doesn't fit

BX on 14 exchanges

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	−0.0449%	1h	126.33	+0.975%	$643K	$278K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.14	+0.824%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.44	+1.063%	$766K	$516K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.36	+0.999%	$473K	$823K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.63	+1.215%	$163K	$115K	10x	as long as short
QFEX BX-USDlong	0.0000%	1h	125.11	long leg	$1.1M	$953K	10x
Gate BX_USDT	0.0000%	8h	126.49	+1.103%	$420K	$22K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.63	+1.215%	$900K	$24K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.47	+1.088%	$43K	$13K	—	as long as short
SunX BX-USDTshort	0.0000%	8h	126.45	+1.071%	$115	$279K	10x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.49	+1.103%	$7K	$3K	20x	as long as short
GRVT BX_USDT_Perp	+0.0007%	8h	126.52	+1.130%	$1K	$111K	10x	as long as short
Injective BX/USDC PERP	+0.0033%	1h	139.59	+11.574%	$4K	$31K	12x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.23	+0.895%	$110K	$854K	20x	as long as short