Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.008%

Price spread now: QFEX against SunX+0.013%7-day average +0.063% · you sell dearer than you buy

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.013%, 7d avg +0.063%

Together, before fees+0.033%+$3 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 0.050% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COST-USDT	903.10	0	get 0.0000% / 8h	6h 58m	$1K	$2.7M	10x
Short	QFEX COST-USD	903.22	0.0001	get 0.0000% / 1h	58m 33s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.24
Price spread: +0.013% → +0.063%: −$4.99
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.75
Costs to cover: 0.180%
Break-even: 684.1 days

Slippage unknown: SunX: live order book, 9 min ago; QFEX: live order book, 4 min ago. 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 SunX live order book, 9 min ago	500.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.11 bp	6.1 bp −$6	8.3 bp −$83	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	903.45	+0.038%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.70	+0.066%	$1.1M	$986K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	903.13	+0.003%	$490K	$93K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	904.21	+0.123%	$442K	$121K	10x	as long as short
Gate COST_USDT	0.0000%	8h	903.51	+0.045%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	903.27	+0.019%	$411K	$79K	25x	as long as short
Variational Omni COST	0.0000%	8h	903.56	+0.051%	$40K	$14K	—	as long as short
SunX COST-USDTlong	0.0000%	8h	903.10	long leg	$1K	$2.7M	10x
HTX COST-USDT	0.0000%	8h	905.27	+0.240%	$10K	$42K	10x	as long as short
QFEX COST-USDshort	+0.0001%	1h	903.22	+0.013%	$1.1M	$2.4M	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	−1.231%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	902.45	−0.072%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.70	−0.044%	—	—	25x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.20	−0.100%	$47K	$967K	20x	as long as short
tradeXYZ xyz:COST	+0.0302%	1h	902.74	−0.040%	$1.8M	$511K	20x	as long as short