Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against HTX−0.063%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.063% cheaper against HTX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BX-USDT	126.35	0	get 0.0000% / 8h	2h 07m	$7K	$4K	20x
Short	tradeXYZ xyz:BX	126.27	0.0050	get 0.0006% / 1h	7m 59s	$664K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.063%Rate

Funding earned: $10.5
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.83
Costs to cover: 0.300%
Break-even: 24.2 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 69 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 69 min ago	1.98 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

HTX: 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
Aster BXUSDT	0.0000%	8h	126.32	−0.023%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.45	+0.078%	$776K	$496K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.45	+0.079%	$483K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.29	−0.047%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.451%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.45	+0.079%	$422K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.055%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.43	+0.062%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.42	+0.059%	$517	$106K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.44	+0.071%	$927	$310K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDTlong	0.0000%	8h	126.35	long leg	$7K	$4K	20x
tradeXYZ xyz:BXshort	+0.0050%	1h	126.27	−0.063%	$664K	$222K	10x
KuCoin BXUSDTM	+0.0100%	8h	126.24	−0.087%	$115K	$840K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.806%	$4K	$32K	12x	as long as short