Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0787%/8h= +86.2% APRpaid last 24h +0.126%

Price spread now: Variational Omni against QFEX−0.658%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.658% cheaper against QFEX than usual: you would sell low and buy high (spread −0.658% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 2.8 days of funding at the current rate (+$24 a day).

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	29m 59s	$1.1M	$1.4M	10x
Short	Variational Omni BX	126.20	0.0787	get 0.0787% / 8h	5h 29m	$43K	$12K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.658%Rate

Funding earned: $165.35
Price spread: −0.658% → 0.000%: −$65.8
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $89.56
Costs to cover: 0.100%
Break-even: 3.2 days

Slippage unknown: QFEX: live order book, 2 min ago; Variational Omni: 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	2.36 bp	79.2 bp −$79	80.5 bp −$805	86.7 bp −$8,668	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

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:BX	−0.0484%	1h	126.14	−0.708%	$664K	$212K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.17	−0.687%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.25	−0.622%	$485K	$834K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.35	−0.543%	$164K	$114K	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	126.35	−0.543%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	−0.488%	$898K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.30	−0.582%	$688	$114K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.22	−0.645%	$795	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.29	−0.590%	$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
Injective BX/USDC PERP	+0.0220%	1h	138.75	+9.218%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0454%	8h	126.10	−0.740%	$115K	$996K	20x	as long as short
Variational Omni BXshort	+0.0787%	8h	126.20	−0.658%	$43K	$12K	—
Binance BXUSDT	+0.1064%	8h	126.27	−0.606%	$782K	$486K	20x	as long as short