Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: SunX against QFEX−0.098%7-day average −0.061% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.098%, 7d avg −0.061%

Together, before fees+0.037%+$4 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 0.036% cheaper against QFEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	899.28	0.0004	pay 0.0001% / 1h	10m 12s	$1.1M	$2.6M	10x
Short	SunX COST-USDT	898.40	0	get 0.0000% / 8h	4h 10m	$2K	$2.9M	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 −0.098%Rate

Funding earned: −$0.86
Price spread: −0.098% → −0.061%: −$3.65
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; SunX: live order book, 7 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 QFEX live order book, 2 min ago	252.03 bp	257.2 bp −$257	262.3 bp −$2,623	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	899.35	+0.008%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.45	+0.019%	$1.1M	$934K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.84	−0.049%	$490K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.42	+0.016%	$521K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.13	−0.017%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.30	+0.003%	$41K	$17K	—	as long as short
SunX COST-USDTshort	0.0000%	8h	898.40	−0.098%	$2K	$2.9M	10x
HTX COST-USDT	0.0000%	8h	900.96	+0.187%	$10K	$42K	10x	as long as short
QFEX COST-USDlong	+0.0004%	1h	899.28	long leg	$1.1M	$2.6M	10x
OKX COST-USDT-SWAP	+0.0025%	8h	899.67	+0.043%	$443K	$112K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.812%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.115%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.75	−0.059%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.91	−0.041%	$1.8M	$518K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.10	−0.131%	$48K	$881K	20x	as long as short