Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h 0.000%

Price spread now: HTX against tradeXYZ+0.277%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

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

The price spread pays, funding is against you. HTX is 0.277% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.277% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.27	0.0150	pay 0.0019% / 1h	33m 49s	$665K	$266K	10x
Short	HTX BX-USDT	126.62	0	get 0.0000% / 8h	7h 33m	$7K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.277%Rate

Funding earned: −$31.41
Price spread: +0.277% → 0.000%: $27.72
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.7
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 13 min ago; HTX: no order-book sample. 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 tradeXYZ live order book, 13 min ago	3.95 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	126.33	+0.048%	$5K	$868	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.50	+0.182%	$480K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.53	+0.206%	$164K	$115K	20x	as long as short
QFEX BX-USD	0.0000%	1h	122.92	−2.653%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.56	+0.230%	$422K	$24K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.58	+0.246%	$900K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.44	+0.134%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.41	+0.111%	$1K	$307K	10x	as long as short
HTX BX-USDTshort	0.0000%	8h	126.62	+0.277%	$7K	$4K	20x
GRVT BX_USDT_Perp	+0.0015%	8h	126.76	+0.388%	$876	$104K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BXUSDT	+0.0027%	8h	126.37	+0.078%	$768K	$526K	20x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.43	+0.127%	$110K	$771K	20x	as long as short
tradeXYZ xyz:BXlong	+0.0150%	1h	126.27	long leg	$665K	$266K	10x
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.876%	$4K	$31K	12x	as long as short