Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.016%

Price spread now: Coinbase International against BloFin−0.158%7-day average −0.310% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.158%, 7d avg −0.310%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.152% dearer against BloFin than usual: you sell high and buy low (spread −0.158% now, against its 7-day average of −0.310%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BE-USDT	272.20	0.0120	pay 0.0120% / 8h	3h 06m	$45K	$143K	20x
Short	Coinbase International BE-PERP-INTX	271.77	0.0064	get 0.0008% / 1h	6m 30s	$475K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$11.76
Price spread: −0.158% → −0.310%: $15.2
Slippage, 4 orders: −$18.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.24
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from BloFin: live order book, 13 min ago; Coinbase International: live order book, 47 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 BloFin live order book, 13 min ago	0.18 bp	7.3 bp −$7	19.1 bp −$191	doesn't fit	doesn't fit
Sell Coinbase International live order book, 47 min ago	4.55 bp	9.6 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit

BE on 21 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 BEUSDT	0.0000%	8h	272.31	+0.041%	$342K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.34	+0.052%	$47K	$262K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.47	+0.100%	$8.4M	$36.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.30	+0.037%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.38	+0.066%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.10	−0.036%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.36	+0.059%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.20	0.000%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0003%	8h	272.24	+0.015%	$2.0M	$1.1M	25x	as long as short
Lighter BE	+0.0032%	1h	272.10	−0.037%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	272.27	+0.026%	$249K	$291K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	272.32	+0.044%	$1.3M	$2.6M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.05	−0.055%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.21	+0.004%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.28	+0.029%	$5.9M	$2.7M	10x	as long as short
OKX BE-USDT-SWAP	+0.0062%	8h	272.50	+0.110%	$2.6M	$6.9M	25x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0064%	1h	271.77	−0.158%	$475K	$136K	10x
KuCoin BEUSDTM	+0.0100%	8h	272.33	+0.048%	$368K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.00	−0.074%	—	—	10x	as long as short
BloFin BE-USDTlong	+0.0120%	8h	272.20	long leg	$45K	$143K	20x
Deribit BE_USDC-PERPETUAL	+0.0412%	1h	271.95	−0.092%	$6K	$4K	10x	as long as short