Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: QFEX against Bitget+0.490%7-day average +0.117% · 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−$212as in the Price arb table

costs, in and out, $10k−$2502.497% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.620%−$62 · spread now +0.490%, 7d avg +0.117%

Together, before fees−0.622%−$62 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 0.373% dearer against Bitget than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	5h 30m	$898K	$36K	20x
Short	QFEX BX-USD	127.04	0	get 0.0000% / 1h	30m 00s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.490%Rate

Funding earned: $0
Price spread: +0.490% → +0.117%: $37.31
Slippage, 4 orders: −$227.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$212.39
Costs to cover: 2.497%
Break-even: never at this rate

Slippage from Bitget: live order book, 31 min ago; QFEX: live order book, 2 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 Bitget live order book, 31 min ago	17.00 bp	29.7 bp −$30	151.0 bp −$1,510	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.36 bp	79.2 bp −$79	80.6 bp −$806	87.2 bp −$8,718	doesn't fit

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
tradeXYZ xyz:BX	−0.0484%	1h	126.14	−0.221%	$664K	$212K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.17	−0.200%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.25	−0.134%	$485K	$834K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.35	−0.055%	$164K	$114K	20x	as long as short
QFEX BX-USDshort	0.0000%	1h	127.04	+0.490%	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.35	−0.055%	$424K	$27K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.42	long leg	$898K	$36K	20x
GRVT BX_USDT_Perp	0.0000%	8h	126.30	−0.095%	$688	$114K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.22	−0.158%	$795	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.29	−0.103%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERP	+0.0220%	1h	138.75	+9.753%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0454%	8h	126.10	−0.253%	$115K	$996K	20x	as long as short
Variational Omni BX	+0.0787%	8h	126.20	−0.171%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1064%	8h	126.27	−0.119%	$782K	$486K	20x	as long as short