Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h —

Price spread now: Aevo against QFEX−0.016%46s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	274.30	0.0025	pay 0.0003% / 1h	46m 36s	$1.3M	$2.3M	10x
Short	Aevo BE-PERP	274.26	0.0104	get 0.0013% / 1h	46m 36s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.016%Rate

Funding earned: $16.51
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.11
Costs to cover: 0.260%
Break-even: 11.7 days

Slippage unknown: QFEX: live order book, 4 min ago; Aevo: no order-book sample. 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, 4 min ago	2.18 bp	7.2 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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
Coinbase International BE-PERP-INTX	−0.0024%	1h	274.05	−0.091%	$469K	$132K	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.19	−0.040%	$349K	$141K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.28	−0.007%	$2.0M	$1.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	274.40	+0.036%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.10	−0.073%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.08	−0.080%	$1.6M	$3.1M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.68	+0.139%	$1K	$2.0M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.88	+0.211%	$12K	$35K	20x	as long as short
QFEX BE-USDlong	+0.0025%	1h	274.30	long leg	$1.3M	$2.3M	10x
Lighter BE	+0.0032%	1h	274.11	−0.069%	—	—	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	274.27	−0.011%	$248K	$294K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.00	−0.109%	$115K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.61	+0.113%	—	—	10x	as long as short
Binance BEUSDT	+0.0087%	8h	274.36	+0.023%	$8.2M	$39.5M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.29	−0.002%	$50K	$386K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.31	+0.004%	$356K	$261K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	274.26	−0.016%	—	—	10x
Deribit BE_USDC-PERPETUAL	+0.0115%	1h	274.21	−0.033%	$7K	$4K	10x	as long as short
BloFin BE-USDT	+0.0207%	8h	274.53	+0.084%	$46K	$165K	20x	as long as short
tradeXYZ xyz:BE	+0.0276%	1h	274.22	−0.029%	$5.9M	$2.9M	10x	as long as short
GRVT BE_USDT_Perp	+0.0456%	8h	274.21	−0.033%	$7K	$136K	10x	as long as short