Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.010%

Price spread now: Aster against QFEX+0.102%7-day average +0.012% · you sell dearer than you buy

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.245%−$24 · spread now +0.102%, 7d avg +0.012%

Together, before fees−0.260%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.090% dearer against QFEX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.012%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 3 days (−0.015% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	274.37	0.0073	pay 0.0009% / 1h	20m 11s	$1.3M	$3.9M	10x
Short	Aster BEUSDT	274.65	0	get 0.0000% / 8h	20m 11s	$345K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$15.32
Price spread: +0.102% → +0.012%: $9.03
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; Aster: live order book, 57 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 QFEX live order book, 3 min ago	1.64 bp	6.6 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	10.44 bp	51.8 bp −$52	doesn't fit	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 BEUSDTshort	0.0000%	8h	274.65	+0.102%	$345K	$118K	20x
Bybit BEUSDT	0.0000%	8h	274.32	−0.018%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.10	−0.098%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.31	−0.022%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.42	+0.018%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.46	+0.033%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.10	−0.098%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.29	−0.029%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.19	−0.066%	$114K	$122K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.34	−0.011%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BE	+0.0050%	1h	274.29	−0.029%	$5.9M	$2.9M	10x	as long as short
QFEX BE-USDlong	+0.0073%	1h	274.37	long leg	$1.3M	$3.9M	10x
Extended BE-USD	+0.0088%	1h	274.40	+0.009%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	−0.087%	$469K	$119K	10x	as long as short
Binance BEUSDT	+0.0091%	8h	274.43	+0.022%	$8.5M	$36.9M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.13	−0.087%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.30	−0.026%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0124%	8h	274.34	−0.010%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0210%	8h	274.47	+0.036%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0254%	8h	274.52	+0.055%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0698%	1h	274.39	+0.007%	$7K	$4K	10x	as long as short