BX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.5% APRnext payment −$0.60 per $10,000 · paid last 24h +0.018%

Price spread now: tradeXYZ against QFEX−0.701%7-day average −0.166% · 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−$280as in the Price arb table

costs, in and out, $10k−$2272.269% of the position

Long on QFEX Short on tradeXYZ

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 4 days (all we have)+0.543%+$54 · spread now −0.701%, 7d avg −0.166%

Together, before fees+0.534%+ Points / potential airdroptradeXYZ: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and tradeXYZ is 0.535% cheaper against QFEX than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.166%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.009% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BX-USD	127.04	0	get 0.0000% / 1h	35m 06s	$1.1M	$1.4M	10x
Short	tradeXYZ xyz:BX	126.15	−0.0480	pay 0.0060% / 1h	35m 06s	$664K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.701%Rate

Funding earned: −$100.72
Price spread: −0.701% → −0.166%: −$53.5
Slippage, 4 orders: −$198.89
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$381.11
Costs to cover: 2.269%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; tradeXYZ: live order book, 61 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, 1 min ago	1.97 bp	79.6 bp −$80	81.1 bp −$811	87.3 bp −$8,729	doesn't fit
Sell tradeXYZ live order book, 61 min ago	3.17 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
tradeXYZ xyz:BXshort	−0.0480%	1h	126.15	−0.701%	$664K	$212K	10x
Aster BXUSDT	0.0000%	8h	126.31	−0.574%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.31	−0.575%	$485K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.630%	$163K	$113K	20x	as long as short
QFEX BX-USDlong	0.0000%	1h	127.04	long leg	$1.1M	$1.4M	10x
Gate BX_USDT	0.0000%	8h	126.38	−0.520%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.43	−0.480%	$899K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.28	−0.598%	$883	$112K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.27	−0.606%	$1K	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.37	−0.527%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0135%	8h	126.13	−0.716%	$115K	$952K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.210%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0492%	8h	126.27	−0.604%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0704%	8h	126.28	−0.595%	$780K	$489K	20x	as long as short