Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.009%

Price spread now: Bitget against QFEX−0.029%7-day average +0.024% · 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−$49as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.029%, 7d avg +0.024%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.054% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	272.49	0.0038	pay 0.0005% / 1h	58m 56s	$1.3M	$3.7M	10x
Short	Bitget BEUSDT	272.41	0	get 0.0000% / 8h	1h 58m	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$7.96
Price spread: −0.029% → +0.024%: −$5.38
Slippage, 4 orders: −$21.27
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.62
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	1.83 bp	6.8 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.20 bp	10.6 bp −$11	33.7 bp −$337	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	272.95	+0.169%	$343K	$116K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.50	+0.003%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.54	+0.017%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	272.50	+0.004%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.30	−0.070%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTshort	0.0000%	8h	272.41	−0.029%	$1.7M	$2.7M	20x
GRVT BE_USDT_Perp	0.0000%	8h	272.61	+0.044%	$7K	$200K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.53	+0.015%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.55	+0.022%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0004%	8h	272.52	+0.011%	$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	272.30	−0.070%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.44	−0.018%	$248K	$424K	10x	as long as short
QFEX BE-USDlong	+0.0038%	1h	272.49	long leg	$1.3M	$3.7M	10x
Arcus BE-USD	+0.0040%	1h	272.41	−0.029%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.32	−0.062%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.092%	$467K	$121K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.56	+0.026%	$367K	$24K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.51	+0.007%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.69	+0.073%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0335%	1h	272.51	+0.007%	$5.8M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0594%	1h	272.60	+0.040%	$6K	$4K	10x	as long as short