Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: HTX against QFEX+0.170%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.170% dearer against QFEX than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	902.34	0.0000	pay 0.0000% / 1h	53m 32s	$1.1M	$2.5M	10x
Short	HTX COST-USDT	903.87	0	get 0.0000% / 8h	1h 53m	$10K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$0.05
Price spread: +0.170% → 0.000%: $16.96
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.09
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 4 min ago	1.11 bp	6.9 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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.

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	902.77	+0.048%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.50	+0.018%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.87	+0.059%	$491K	$220K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.18	+0.093%	$443K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.29	−0.006%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.59	+0.028%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.39	+0.005%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.40	−0.104%	$2K	$2.9M	10x	as long as short
HTX COST-USDTshort	0.0000%	8h	903.87	+0.170%	$10K	$42K	10x
QFEX COST-USDlong	0.0000%	1h	902.34	long leg	$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	−1.148%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.453%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.49	+0.017%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.28	−0.007%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.50	−0.093%	$47K	$901K	20x	as long as short