Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.030%

Price spread now: Coinbase International against HTX−0.803%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.803% cheaper against HTX than usual: you would sell low and buy high (spread −0.803% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$80 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.225% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	275.29	0	get 0.0000% / 8h	4h 15m	$13K	$35K	20x
Short	Coinbase International BE-PERP-INTX	273.08	0.0040	get 0.0005% / 1h	15m 14s	$473K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.803%Rate

Funding earned: $8.4
Price spread: −0.803% → 0.000%: −$80.28
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$93.88
Costs to cover: 0.220%
Break-even: 85.2 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 43 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 HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 43 min ago	8.89 bp	15.0 bp −$15	19.2 bp −$192	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	275.11	−0.066%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.90	−0.142%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.19	−0.036%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.33	+0.015%	$6K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.16	−0.047%	$938	$2.4M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	275.29	long leg	$13K	$35K	20x
Lighter BE	+0.0032%	1h	274.89	−0.145%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.05	−0.087%	$251K	$291K	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0040%	1h	273.08	−0.803%	$473K	$128K	10x
Arcus BE-USD	+0.0040%	1h	275.05	−0.087%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.17	−0.044%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.99	−0.109%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.14	−0.054%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0054%	8h	275.14	−0.055%	$8.5M	$36.4M	25x	as long as short
Extended BE-USD	+0.0056%	1h	275.09	−0.074%	$49K	$260K	10x	as long as short
Bybit BEUSDT	+0.0092%	8h	275.28	−0.004%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.24	−0.018%	$372K	$19K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.15	−0.051%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0147%	8h	275.31	+0.007%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0174%	8h	275.30	+0.004%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0186%	1h	275.13	−0.058%	$7K	$4K	10x	as long as short