Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.024%

Price spread now: OKX against Arcus+0.073%7-day average +0.108% · 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−$53as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.073%, 7d avg +0.108%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.035% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	272.30	0.0040	pay 0.0005% / 1h	3m 15s	$114K	$109K	10x
Short	OKX BE-USDT-SWAP	272.50	0	get 0.0000% / 8h	2h 03m	$2.6M	$6.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Arcus. 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 ArcusbpFee OKXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$8.46
Price spread: +0.073% → +0.108%: −$3.47
Slippage, 4 orders: −$35.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.83
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Arcus: live order book, 45 min ago; OKX: live order book, 5 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 Arcus live order book, 45 min ago	4.22 bp	6.5 bp −$6	16.0 bp −$160	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.83 bp	15.3 bp −$15	86.7 bp −$867	doesn't fit	doesn't fit

BE on 21 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
Bitget BEUSDT	−0.0050%	8h	272.47	+0.062%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	272.49	+0.068%	$342K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.42	+0.045%	$46K	$253K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.49	+0.071%	$8.2M	$37.1M	25x	as long as short
OKX BE-USDT-SWAPshort	0.0000%	8h	272.50	+0.073%	$2.6M	$6.9M	25x
Gate BE_USDT	0.0000%	8h	272.50	+0.073%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.93	+0.230%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.70	+0.147%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.89	+0.217%	$13K	$35K	20x	as long as short
QFEX BE-USD	+0.0024%	1h	272.51	+0.077%	$1.3M	$2.4M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BEUSDT	+0.0030%	8h	272.55	+0.092%	$2.0M	$1.2M	25x	as long as short
Lighter BE	+0.0032%	1h	272.27	−0.011%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.35	+0.018%	$243K	$300K	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	272.30	long leg	$114K	$109K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.31	+0.004%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.26	−0.015%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.628%	$473K	$130K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.49	+0.070%	$368K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.52	+0.080%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.46	+0.059%	$45K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0338%	1h	272.39	+0.033%	$6K	$4K	10x	as long as short