Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.048%

Price spread now: QFEX against Binance−0.016%7-day average −0.044% · 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−$30as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.016%, 7d avg −0.044%

Together, before fees−0.038%−$4 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: QFEX is 0.029% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	902.15	0	get 0.0000% / 8h	2h 31m	$1.1M	$997K	20x
Short	QFEX COST-USD	902.01	0.0003	get 0.0000% / 1h	31m 18s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.64
Price spread: −0.016% → −0.044%: $2.86
Slippage, 4 orders: −$12.74
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.24
Costs to cover: 0.327%
Break-even: 327.6 days

Slippage from Binance: live order book, 1 min ago; QFEX: live order book, 6 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 Binance live order book, 1 min ago	0.05 bp	13.2 bp −$13	57.5 bp −$575	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.16 bp	6.8 bp −$7	12.4 bp −$124	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	901.98	−0.018%	$45K	$178	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	902.15	long leg	$1.1M	$997K	20x
Bybit COSTUSDT	0.0000%	8h	902.05	−0.011%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.28	+0.014%	$443K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	901.99	−0.018%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.09	−0.007%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.01	−0.016%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.00	−0.127%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.72	+0.174%	$10K	$42K	10x	as long as short
QFEX COST-USDshort	+0.0003%	1h	902.01	−0.016%	$1.1M	$2.5M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.127%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.432%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.23	+0.009%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.87	−0.031%	$1.8M	$516K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.30	−0.094%	$47K	$897K	20x	as long as short