Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.002%

Price spread now: Binance against QFEX+0.136%7-day average +0.044% · 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−$31as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.136%, 7d avg +0.044%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.092% dearer against QFEX than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.044%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	271.52	0.0040	pay 0.0005% / 1h	17m 54s	$1.3M	$2.3M	10x
Short	Binance BEUSDT	271.89	0	get 0.0000% / 8h	1h 17m	$8.2M	$37.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.136%Rate

Funding earned: −$8.37
Price spread: +0.136% → +0.044%: $9.24
Slippage, 4 orders: −$20.27
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.4
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 9 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, 5 min ago	2.21 bp	8.3 bp −$8	15.9 bp −$159	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.29 bp	13.3 bp −$13	34.8 bp −$348	98.1 bp −$9,807	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
Gate BE_USDT	−0.0233%	8h	271.60	+0.029%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	−0.0133%	8h	271.38	−0.052%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.77	+0.092%	$342K	$125K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.82	+0.111%	$46K	$251K	10x	as long as short
Binance BEUSDTshort	0.0000%	8h	271.89	+0.136%	$8.2M	$37.2M	25x
OKX BE-USDT-SWAP	0.0000%	8h	271.85	+0.122%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.42	−0.036%	$7K	$157K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.47	−0.018%	$928	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.46	−0.022%	$12K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	271.57	+0.018%	—	—	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	271.76	+0.088%	$242K	$300K	10x	as long as short
QFEX BE-USDlong	+0.0040%	1h	271.52	long leg	$1.3M	$2.3M	10x
Arcus BE-USD	+0.0040%	1h	271.23	−0.107%	$113K	$108K	10x	as long as short
Bybit BEUSDT	+0.0041%	8h	271.83	+0.114%	$2.0M	$1.1M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.50	−0.007%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.76	+0.088%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.343%	$473K	$130K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.76	+0.088%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.75	+0.085%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.32	−0.074%	$45K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0523%	1h	271.82	+0.110%	$6K	$4K	10x	as long as short