Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.008%

Price spread now: QFEX against HTX−0.215%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

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

Funding pays, the price is against you. QFEX is 0.215% cheaper against HTX than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 3 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COST-USDT	903.07	0	get 0.0000% / 8h	3h 06m	$10K	$42K	10x
Short	QFEX COST-USD	901.13	0.0009	get 0.0001% / 1h	6m 04s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.215%Rate

Funding earned: $1.98
Price spread: −0.215% → 0.000%: −$21.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$41.5
Costs to cover: 0.220%
Break-even: 153.5 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 6 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	252.07 bp	257.6 bp −$258	262.8 bp −$2,628	doesn't fit	doesn't fit

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.

COST on 15 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 COSTUSDT	0.0000%	8h	901.45	−0.179%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.32	−0.193%	$1.1M	$959K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.41	−0.184%	$490K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	901.38	−0.187%	$441K	$117K	10x	as long as short
Gate COST_USDT	0.0000%	8h	900.97	−0.233%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.89	−0.241%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	901.20	−0.207%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	900.10	−0.329%	$2K	$2.9M	10x	as long as short
HTX COST-USDTlong	0.0000%	8h	903.07	long leg	$10K	$42K	10x
QFEX COST-USDshort	+0.0009%	1h	901.13	−0.215%	$1.1M	$2.5M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.228%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.534%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.60	−0.163%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.00	−0.229%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.20	−0.318%	$47K	$893K	20x	as long as short