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

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.001%
Price spread now: Extended against BloFin0.000%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2612.607% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.951%+$95 · spread now 0.000%, 7d avg +0.026%
Together, before fees+0.952%+ Points / potential airdropExtended: Active · farm board+$95 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 Extended is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin B-USDT0.20540.0817pay 0.0409% / 4h3h 16m$605K$40K20x
ShortExtended B-USD0.20540.0808get 0.0101% / 1h16m 21s$16K$221K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$1.96
Price spread: 0.000% → +0.026%
−$2.59
Slippage, 4 orders
−$243.68
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$265.23
Costs to cover
2.607%
Break-even
never at this rate
Slippage from BloFin: live order book, 55 min ago; Extended: live order book, 54 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 BloFin live order book, 55 min ago4.92 bp23.1 bp −$23192.6 bp −$1,926doesn't fitdoesn't fit
Sell Extended live order book, 54 min ago7.63 bp107.8 bp −$108doesn't fitdoesn't fitdoesn't fit

B on 11 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
Gate B_USDT+0.0100%4h0.2053−0.049%$3.5M$618K20xas long as short
KuCoin BUSDTM+0.0696%4h0.2053−0.044%$1.9M$71K10xas long as short
MEXC B_USDT+0.0804%4h0.2055+0.049%$1.0M$355K100xas long as short
Binance BUSDT+0.0805%4h0.2055+0.054%$11.9M$2.0M20xas long as short
Extended B-USDshort+0.0808%1h0.20540.000%$16K$221K5x
edgeX BUSDC+0.0814%4h0.2057+0.154%$3K$391K5xas long as short
BloFin B-USDTlong+0.0817%4h0.2054long leg$605K$40K20x
Bybit BUSDT+0.0909%4h0.2053−0.058%$1.7M$959K13xas long as short
BingX B-USDT+0.1148%4h0.2055+0.049%$1.3Mas long as short
Bitget BUSDT+0.1188%4h0.2055+0.049%$2.8M$230K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1555%4h0.2055+0.040%$1.9M$214K5xas long as short