Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.049%

Price spread now: QFEX against Binance−0.017%7-day average −0.045% · 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−$46as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.017%, 7d avg −0.045%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 4 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	900.30	0	get 0.0000% / 8h	4h 44m	$1.1M	$1.2M	20x
Short	QFEX COST-USD	900.15	0.0020	get 0.0003% / 1h	44m 03s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $4.2
Price spread: −0.017% → −0.045%: $2.81
Slippage, 4 orders: −$28.71
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$41.7
Costs to cover: 0.487%
Break-even: 76.5 days

Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 7 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 Binance live order book, 11 min ago	1.39 bp	12.7 bp −$13	57.2 bp −$572	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.78 bp	9.3 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit

COST on 15 exchanges

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 COSTUSDT	0.0000%	8h	900.37	+0.007%	$45K	$133	20x	as long as short
Binance COSTUSDTlong	0.0000%	8h	900.30	long leg	$1.1M	$1.2M	20x
Bybit COSTUSDT	0.0000%	8h	899.93	−0.042%	$564K	$142K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.74	−0.063%	$446K	$133K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.91	−0.044%	$521K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.06	−0.027%	$411K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.94	−0.041%	$40K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.60	−0.078%	$1K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.51	+0.134%	$10K	$40K	10x	as long as short
QFEX COST-USDshort	+0.0020%	1h	900.15	−0.017%	$1.1M	$2.3M	10x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.925%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	899.45	−0.095%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.57	−0.082%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.45	−0.095%	$1.8M	$523K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.90	−0.045%	$48K	$1.1M	20x	as long as short