Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.033%

Price spread now: BloFin against QFEX+0.230%519s7-day average +0.038% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.362% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.230%, 7d avg +0.038%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.192% dearer against QFEX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 519 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	273.61	0.0026	pay 0.0003% / 1h	39m 42s	$1.3M	$3.3M	10x
Short	BloFin BE-USDT	274.24	0.0304	get 0.0304% / 8h	6h 39m	$45K	$141K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.230%Rate

Funding earned: $58.38
Price spread: +0.230% → +0.038%: $19.22
Slippage, 4 orders: −$14.17
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $41.43
Costs to cover: 0.362%
Break-even: 2.0 days

Slippage from QFEX: live order book, 3 min ago; BloFin: live order book, 11 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, 3 min ago	1.46 bp	6.8 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	0.55 bp	15.0 bp −$15	32.3 bp −$323	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	273.56	−0.018%	$344K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	273.46	−0.055%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.40	−0.077%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.33	−0.102%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	273.47	−0.051%	$1K	$2.4M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	273.53	−0.029%	$7K	$4K	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.90	+0.106%	$13K	$33K	20x	as long as short
QFEX BE-USDlong	+0.0026%	1h	273.61	long leg	$1.3M	$3.3M	10x
Lighter BE	+0.0032%	1h	273.27	−0.124%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.35	−0.095%	$249K	$290K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	273.60	−0.004%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.60	−0.004%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	273.38	−0.084%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.41	−0.073%	$369K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.46	−0.056%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0112%	1h	273.63	+0.007%	$473K	$131K	10x	as long as short
GRVT BE_USDT_Perp	+0.0156%	8h	274.02	+0.151%	$7K	$169K	10x	as long as short
Extended BE-USD	+0.0160%	1h	273.35	−0.097%	$46K	$264K	10x	as long as short
Binance BEUSDT	+0.0163%	8h	273.44	−0.062%	$8.4M	$36.2M	25x	as long as short
OKX BE-USDT-SWAP	+0.0212%	8h	273.53	−0.029%	$2.6M	$6.7M	25x	as long as short
BloFin BE-USDTshort	+0.0304%	8h	274.24	+0.230%	$45K	$141K	20x