Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: SunX against QFEX−0.386%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$345as in the Price arb table

costs, in and out, $10k−$3163.161% of the position

Long on QFEX Short on SunX

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 4 days (all we have)+0.453%+$45 · spread now −0.386%, 7d avg −0.093%

Together, before fees+0.455%+$45 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: SunX is 0.293% cheaper against QFEX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BX-USD	126.96	0	get 0.0000% / 1h	13m 40s	$1.1M	$1.5M	10x
Short	SunX BX-USDT	126.47	0	get 0.0000% / 8h	3h 13m	$539	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.386%Rate

Funding earned: $0
Price spread: −0.386% → −0.093%: −$29.29
Slippage, 4 orders: −$298.12
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$345.42
Costs to cover: 3.161%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; SunX: live order book, 67 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, 3 min ago	36.74 bp	109.2 bp −$109	110.5 bp −$1,105	116.8 bp −$11.7K	doesn't fit
Sell SunX live order book, 67 min ago	45.92 bp	101.4 bp −$101	doesn't fit	doesn't fit	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	−0.0363%	1h	126.28	−0.536%	$664K	$223K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.28	−0.537%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.35	−0.480%	$483K	$802K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.49	−0.370%	$164K	$112K	20x	as long as short
QFEX BX-USDlong	0.0000%	1h	126.96	long leg	$1.1M	$1.5M	10x
Gate BX_USDT	0.0000%	8h	126.50	−0.362%	$423K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−0.425%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.44	−0.409%	$813	$108K	10x	as long as short
SunX BX-USDTshort	0.0000%	8h	126.47	−0.386%	$539	$313K	10x
HTX BX-USDT	0.0000%	8h	126.52	−0.347%	$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
Variational Omni BX	+0.0063%	8h	126.47	−0.384%	$43K	$12K	—	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.21	−0.591%	$115K	$885K	20x	as long as short
Binance BXUSDT	+0.0172%	8h	126.32	−0.504%	$775K	$495K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.279%	$4K	$32K	12x	as long as short