Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.6% APRpaid last 24h +0.030%

Price spread now: Gate against QFEX−0.058%7-day average −0.003% · 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−$54as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.058%, 7d avg −0.003%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.055% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	275.16	0.0052	pay 0.0006% / 1h	15m 40s	$1.3M	$2.7M	10x
Short	Gate BE_USDT	275.00	0	get 0.0000% / 8h	4h 15m	$1.5M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: −$10.82
Price spread: −0.058% → −0.003%: −$5.5
Slippage, 4 orders: −$23.29
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.61
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	1.63 bp	7.0 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.64 bp	12.6 bp −$13	45.8 bp −$458	80.2 bp −$8,023	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	275.08	−0.029%	$346K	$119K	20x	as long as short
Gate BE_USDTshort	0.0000%	8h	275.00	−0.058%	$1.5M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	275.37	+0.076%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.31	+0.056%	$6K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.29	+0.047%	$939	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.29	+0.047%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.98	−0.065%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.07	−0.033%	$251K	$291K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.756%	$473K	$128K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.08	−0.029%	$115K	$109K	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	275.22	+0.022%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.99	−0.062%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USDlong	+0.0052%	1h	275.16	long leg	$1.3M	$2.7M	10x
Binance BEUSDT	+0.0054%	8h	275.11	−0.018%	$8.5M	$36.4M	25x	as long as short
Extended BE-USD	+0.0056%	1h	275.11	−0.020%	$49K	$260K	10x	as long as short
Bybit BEUSDT	+0.0092%	8h	275.23	+0.025%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.22	+0.022%	$372K	$19K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.20	+0.013%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0147%	8h	275.42	+0.094%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0177%	8h	275.28	+0.044%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0295%	1h	275.18	+0.007%	$7K	$4K	10x	as long as short