Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.011%

Price spread now: HTX against QFEX+0.070%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.070% dearer against QFEX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	271.24	0.0017	pay 0.0002% / 1h	35m 00s	$1.3M	$2.3M	10x
Short	HTX BE-USDT	271.43	0	get 0.0000% / 8h	35m 00s	$12K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$3.54
Price spread: +0.070% → 0.000%: $7
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; HTX: no order-book sample. 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, 2 min ago	2.21 bp	10.5 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate BE_USDT	−0.0411%	8h	271.00	−0.088%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	−0.0072%	8h	271.33	+0.033%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.20	−0.015%	$343K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.19	−0.020%	$46K	$381K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.26	+0.007%	$8.2M	$37.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.25	+0.004%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.33	+0.035%	$7K	$155K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.20	−0.015%	$1K	$2.3M	10x	as long as short
HTX BE-USDTshort	0.0000%	8h	271.43	+0.070%	$12K	$35K	20x
QFEX BE-USDlong	+0.0017%	1h	271.24	long leg	$1.3M	$2.3M	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	271.00	−0.088%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.25	+0.004%	$241K	$305K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0032%	1h	270.59	−0.240%	$473K	$114K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.12	−0.044%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.27	+0.011%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0061%	1h	271.22	−0.007%	$5.9M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0067%	8h	271.33	+0.033%	$2.0M	$1.1M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.17	−0.026%	$366K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.23	−0.004%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.12	−0.044%	$45K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0303%	1h	271.18	−0.022%	$6K	$4K	10x	as long as short