BX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h −0.025%

Price spread now: QFEX against tradeXYZ+0.721%7-day average +0.160% · 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−$171as in the Price arb table

costs, in and out, $10k−$2272.269% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.479%−$48 · spread now +0.721%, 7d avg +0.160%

Together, before fees−0.476%+ Points / potential airdroptradeXYZ: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and QFEX is 0.562% dearer against tradeXYZ than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.160%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.14	−0.0495	get 0.0062% / 1h	23m 04s	$664K	$212K	10x
Short	QFEX BX-USD	127.05	0	get 0.0000% / 1h	23m 04s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.721%Rate

Funding earned: $103.91
Price spread: +0.721% → +0.160%: $56.15
Slippage, 4 orders: −$198.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$66.84
Costs to cover: 2.269%
Break-even: 11.5 days

Slippage from tradeXYZ: live order book, 13 min ago; QFEX: live order book, 3 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 tradeXYZ live order book, 13 min ago	3.17 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.36 bp	80.0 bp −$80	81.2 bp −$812	88.3 bp −$8,832	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:BXlong	−0.0495%	1h	126.14	long leg	$664K	$212K	10x
Aster BXUSDT	0.0000%	8h	126.18	+0.032%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.28	+0.111%	$485K	$834K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.35	+0.166%	$164K	$114K	20x	as long as short
QFEX BX-USDshort	0.0000%	1h	127.05	+0.721%	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.36	+0.174%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.40	+0.206%	$898K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.26	+0.094%	$364	$113K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.21	+0.055%	$820	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.31	+0.135%	$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	+9.997%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0420%	8h	126.00	−0.111%	$114K	$992K	20x	as long as short
Variational Omni BX	+0.0761%	8h	126.21	+0.055%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1018%	8h	126.25	+0.091%	$782K	$486K	20x	as long as short