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: Arcus against QFEX−0.048%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on QFEX Short on Arcus

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: Arcus is 0.043% dearer against QFEX than usual: you sell high and buy low, +$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	QFEX BE-USD	272.63	0.0035	pay 0.0004% / 1h	46m 19s	$1.3M	$3.7M	10x
Short	Arcus BE-USD	272.50	0.0040	get 0.0005% / 1h	46m 19s	$114K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.048%Rate

Funding earned: $1.18
Price spread: −0.048% → −0.091%: $4.34
Slippage, 4 orders: −$18.06
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$27.04
Costs to cover: 0.326%
Break-even: 166.8 days

Slippage from QFEX: live order book, 7 min ago; Arcus: live order book, 37 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 QFEX live order book, 7 min ago	1.47 bp	10.1 bp −$10	14.7 bp −$147	doesn't fit	doesn't fit
Sell Arcus live order book, 37 min ago	1.47 bp	6.9 bp −$7	11.5 bp −$115	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	+0.206%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.65	+0.008%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.73	+0.035%	$8.5M	$37.5M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.68	+0.018%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.50	−0.048%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.56	−0.026%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.69	+0.024%	$6K	$196K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.67	+0.015%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.77	+0.051%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0025%	8h	272.81	+0.066%	$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	−0.110%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.62	−0.004%	$249K	$424K	10x	as long as short
QFEX BE-USDlong	+0.0035%	1h	272.63	long leg	$1.3M	$3.7M	10x
Arcus BE-USDshort	+0.0040%	1h	272.50	−0.048%	$114K	$134K	10x
Vest BE-USD-PERP	+0.0046%	1h	272.66	+0.011%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.143%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.56	−0.026%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.69	+0.023%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.89	+0.095%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0264%	1h	272.57	−0.022%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0962%	1h	272.70	+0.026%	$6K	$4K	10x	as long as short