BE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.008%

Price spread now: QFEX against Arcus+0.048%7-day average +0.091% · 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−$37as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.048%, 7d avg +0.091%

Together, before fees+0.014%+$1 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: QFEX is 0.043% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BE-USD	272.50	0.0040	pay 0.0005% / 1h	46m 28s	$114K	$134K	10x
Short	QFEX BE-USD	272.63	0.0035	get 0.0004% / 1h	46m 28s	$1.3M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$1.18
Price spread: +0.048% → +0.091%: −$4.33
Slippage, 4 orders: −$18.06
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.07
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Arcus: live order book, 36 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 Arcus live order book, 36 min ago	1.47 bp	7.7 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.47 bp	7.9 bp −$8	14.7 bp −$147	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
Aster BEUSDT	0.0000%	8h	273.19	+0.254%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.66	+0.057%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.69	+0.069%	$8.5M	$37.5M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.67	+0.062%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.50	0.000%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.54	+0.015%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.69	+0.071%	$6K	$196K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.65	+0.055%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.84	+0.125%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0022%	8h	272.81	+0.114%	$2.6M	$6.8M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	272.33	−0.062%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.61	+0.040%	$248K	$424K	10x	as long as short
QFEX BE-USDshort	+0.0035%	1h	272.63	+0.048%	$1.3M	$3.7M	10x
Arcus BE-USDlong	+0.0040%	1h	272.50	long leg	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.66	+0.059%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.095%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.56	+0.022%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.64	+0.051%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.89	+0.143%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0264%	1h	272.57	+0.026%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.1072%	1h	272.72	+0.081%	$6K	$4K	10x	as long as short