Settings8H · net · $10k
Funding arb · Price arb /

BE

RWAall BE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.014%
Price spread now: OKX against QFEX+0.054%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$350.346% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.054%, 7d avg +0.042%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BE-USD275.900.0012pay 0.0002% / 1h2m 37s$1.3M$2.7M10x
ShortOKX BE-USDT-SWAP276.050.0130get 0.0130% / 8h5h 02m$2.6M$6.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$24.72
Price spread: +0.054% → +0.042%
$1.28
Slippage, 4 orders
−$14.57
Fee QFEX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$8.57
Costs to cover
0.346%
Break-even
9.4 days
Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago2.17 bp7.5 bp −$810.9 bp −$109doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.09 bp11.5 bp −$1149.2 bp −$492doesn't fitdoesn't fit

BE on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BEUSDT0.0000%8h275.79−0.039%$347K$119K20xas long as short
Gate BE_USDT0.0000%8h275.60−0.109%$1.5M$3.4M50xas long as short
Bitget BEUSDT0.0000%8h275.85−0.018%$1.7M$2.6M20xas long as short
GRVT BE_USDT_Perp0.0000%8h276.00+0.038%$6K$164K10xas long as short
SunX BE-USDT0.0000%8h275.98+0.029%$1K$2.4M10xas long as short
HTX BE-USDT0.0000%8h276.10+0.072%$13K$34K20xas long as short
QFEX BE-USDlong+0.0012%1h275.90long leg$1.3M$2.7M10x
Coinbase International BE-PERP-INTX+0.0016%1h273.08−1.022%$473K$129K10xas long as short
Lighter BE+0.0032%1h275.60−0.109%10xas long as short
Lighter RH BE+0.0032%1h275.79−0.040%$252K$289K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BE-USD+0.0040%1h275.64−0.094%$115K$109K10xas long as short
Vest BE-USD-PERP+0.0046%1h275.84−0.022%10xas long as short
tradeXYZ xyz:BE+0.0050%1h275.75−0.054%$5.9M$2.7M10xas long as short
Bybit BEUSDT+0.0067%8h276.01+0.040%$2.0M$1.2M25xas long as short
Extended BE-USD+0.0072%1h275.86−0.014%$46K$259K10xas long as short
Binance BEUSDT+0.0074%8h275.97+0.025%$8.5M$36.3M25xas long as short
KuCoin BEUSDTM+0.0100%8h275.83−0.025%$373K$20K20xas long as short
Aevo BE-PERP+0.0104%1h275.85−0.019%10xas long as short
OKX BE-USDT-SWAPshort+0.0130%8h276.05+0.054%$2.6M$6.8M25x
BloFin BE-USDT+0.0192%8h275.99+0.033%$1K$142K20xas long as short
Deribit BE_USDC-PERPETUAL+0.0476%1h275.78−0.043%$7K$4K10xas long as short