BE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.018%

Price spread now: Coinbase International against QFEX+0.029%7-day average −0.271% · 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−$3as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.029%, 7d avg −0.271%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.300% dearer against QFEX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.271%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	272.96	0.0036	pay 0.0005% / 1h	18m 09s	$1.3M	$2.6M	10x
Short	Coinbase International BE-PERP-INTX	273.04	0.0064	get 0.0008% / 1h	18m 09s	$476K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.029%Rate

Funding earned: $5.88
Price spread: +0.029% → −0.271%: $30.01
Slippage, 4 orders: −$13.16
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.73
Costs to cover: 0.332%
Break-even: 3.7 days

Slippage from QFEX: live order book, 5 min ago; Coinbase International: live order book, 35 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	1.65 bp	6.6 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
Sell Coinbase International live order book, 35 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	272.96	−0.001%	$343K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	272.90	−0.022%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.92	−0.015%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.51	+0.201%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.12	+0.059%	$981	$2.4M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	272.96	0.000%	$6K	$4K	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.99	+0.011%	$13K	$35K	20x	as long as short
Binance BEUSDT	+0.0006%	8h	273.03	+0.027%	$8.4M	$36.7M	25x	as long as short
Extended BE-USD	+0.0008%	1h	272.92	−0.015%	$47K	$262K	10x	as long as short
Bybit BEUSDT	+0.0011%	8h	273.09	+0.048%	$2.0M	$1.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BE-USDT	+0.0028%	8h	273.25	+0.106%	$45K	$142K	20x	as long as short
Lighter BE	+0.0032%	1h	272.87	−0.033%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.04	+0.029%	$249K	$290K	10x	as long as short
QFEX BE-USDlong	+0.0036%	1h	272.96	long leg	$1.3M	$2.6M	10x
Arcus BE-USD	+0.0040%	1h	273.19	+0.084%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.00	+0.015%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.99	+0.011%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0064%	1h	273.04	+0.029%	$476K	$136K	10x
OKX BE-USDT-SWAP	+0.0095%	8h	273.16	+0.073%	$2.6M	$6.9M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.03	+0.026%	$369K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.94	−0.006%	—	—	10x	as long as short