Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.001%

Price spread now: QFEX against Aster+0.326%7-day average — · you sell dearer than you buy

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.326% dearer against Aster than usual: you sell high and buy low (spread +0.326% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BXUSDT	126.22	0	get 0.0000% / 8h	1h 47m	$5K	$2K	20x
Short	QFEX BX-USD	126.63	−0.0080	pay 0.0010% / 1h	47m 59s	$1.1M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.326%Rate

Funding earned: −$16.8
Price spread: +0.326% → 0.000%: $32.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$2.16
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	13.84 bp	41.9 bp −$42	42.5 bp −$425	46.8 bp −$4,679	doesn't fit

Aster: 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.

BX on 14 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
QFEX BX-USDshort	−0.0080%	1h	126.63	+0.326%	$1.1M	$1.2M	10x
Aster BXUSDTlong	0.0000%	8h	126.22	long leg	$5K	$2K	20x
Bybit BXUSDT	0.0000%	8h	126.47	+0.200%	$500K	$855K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.37	+0.120%	$159K	$101K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.42	+0.160%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.53	+0.247%	$903K	$47K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.49	+0.215%	$913	$301K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.56	+0.271%	$7K	$3K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.23	+0.009%	$1K	$27K	12x	as long as short
Variational Omni BX	+0.0513%	8h	126.46	+0.195%	$31K	$127	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0524%	8h	126.50	+0.223%	$112K	$1.2M	20x	as long as short
tradeXYZ xyz:BX	+0.0600%	1h	126.37	+0.120%	$663K	$177K	10x	as long as short
Binance BXUSDT	+0.0797%	8h	126.47	+0.200%	$804K	$455K	20x	as long as short
GRVT BX_USDT_Perp	+0.1662%	8h	126.45	+0.185%	$1K	$127K	10x	as long as short