Funding arb · Price arb /

COST

RWAall COST markets

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: SunX against QFEX−0.128%7-day average −0.062% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.128%, 7d avg −0.062%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and SunX is 0.066% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COST-USD	899.25	0.0009	pay 0.0001% / 1h	40m 30s	$1.1M	$2.6M	10x
Short	SunX COST-USDT	898.10	0	get 0.0000% / 8h	3h 40m	$2K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$1.98
Price spread: −0.128% → −0.062%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; SunX: live order book, 7 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 QFEX live order book, 2 min ago	251.72 bp	256.7 bp −$257	261.0 bp −$2,610	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	515.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	899.35	+0.011%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.39	+0.016%	$1.1M	$916K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.70	+0.050%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.24	−0.001%	$521K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	899.03	−0.024%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.22	−0.003%	$41K	$14K	—	as long as short
SunX COST-USDTshort	0.0000%	8h	898.10	−0.128%	$2K	$2.8M	10x
HTX COST-USDT	0.0000%	8h	901.19	+0.216%	$10K	$42K	10x	as long as short
QFEX COST-USDlong	+0.0009%	1h	899.25	long leg	$1.1M	$2.6M	10x
OKX COST-USDT-SWAP	+0.0023%	8h	898.82	−0.048%	$440K	$115K	10x	as long as short

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	−0.808%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.111%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.41	+0.018%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.01	−0.027%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.30	−0.106%	$47K	$887K	20x	as long as short