BE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against QFEX−0.167%7-day average −0.254% · 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−$27as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.167%, 7d avg −0.254%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.087% dearer against QFEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.254%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	275.22	0.0037	pay 0.0005% / 1h	1m 34s	$1.3M	$3.5M	10x
Short	Coinbase International BE-PERP-INTX	274.76	0.0128	get 0.0016% / 1h	1m 34s	$475K	$132K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.167%Rate

Funding earned: $19.12
Price spread: −0.167% → −0.254%: $8.7
Slippage, 4 orders: −$15.86
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.03
Costs to cover: 0.359%
Break-even: 9.9 days

Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 7 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, 6 min ago	2.00 bp	8.4 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Coinbase International live order book, 7 min ago	2.90 bp	9.2 bp −$9	16.4 bp −$164	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	275.00	−0.079%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.00	−0.080%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.16	−0.022%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.15	−0.025%	$1K	$2.5M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	275.12	−0.036%	$7K	$4K	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.16	−0.022%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	275.04	−0.065%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.16	−0.022%	$251K	$300K	10x	as long as short
QFEX BE-USDlong	+0.0037%	1h	275.22	long leg	$1.3M	$3.5M	10x
Arcus BE-USD	+0.0040%	1h	275.03	−0.069%	$115K	$112K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.27	+0.018%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.11	−0.040%	$5.9M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0096%	8h	275.30	+0.029%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.30	+0.029%	$372K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.16	−0.020%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0128%	1h	274.76	−0.167%	$475K	$132K	10x
Binance BEUSDT	+0.0205%	8h	275.25	+0.010%	$8.6M	$36.3M	25x	as long as short
Extended BE-USD	+0.0208%	1h	275.18	−0.013%	$46K	$264K	10x	as long as short
OKX BE-USDT-SWAP	+0.0255%	8h	275.24	+0.007%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0324%	8h	275.21	−0.004%	$45K	$141K	20x	as long as short
GRVT BE_USDT_Perp	+0.0555%	8h	275.42	+0.072%	$7K	$173K	10x	as long as short