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

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.127%
Price spread now: Extended against Bybit+0.288%7-day average +0.234% · you sell dearer than you buy
Net, funding: paid 7d − costs−$528as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5565.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.280%+$28 on $10k
Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.288%, 7d avg +0.234%
Together, before fees+0.125%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.234%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BUSDT0.20250.0842pay 0.0421% / 4h1h 23m$1.7M$963K13x
ShortExtended B-USD0.20310.0840get 0.0105% / 1h23m 22s$15K$117K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
−$0.47
Price spread: +0.288% → +0.234%
$5.38
Slippage, 4 orders
−$540.37
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$551.46
Costs to cover
5.564%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 57 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 Bybit live order book, 3 min ago4.94 bp173.5 bp −$1742880.6 bp −$28.8Kdoesn't fitdoesn't fit
Sell Extended live order book, 57 min ago10.13 bp149.0 bp −$149doesn'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%4h0.2028+0.158%$3.4M$595K20xas long as short
KuCoin BUSDTM+0.0100%4h0.2029+0.222%$1.9M$71K10xas long as short
Extended B-USDshort+0.0840%1h0.2031+0.288%$15K$117K5x
edgeX BUSDC+0.0841%4h0.2027+0.120%$3K$390K5xas long as short
Binance BUSDT+0.0841%4h0.2031+0.307%$11.7M$2.0M20xas long as short
MEXC B_USDT+0.0842%4h0.2030+0.257%$975K$348K100xas long as short
Bybit BUSDTlong+0.0842%4h0.2025long leg$1.7M$963K13x
BloFin B-USDT+0.0848%4h0.2028+0.158%$597K$39K20xas long as short
BingX B-USDT+0.1166%4h0.2030+0.257%$1.2Mas long as short
Bitget BUSDT+0.1228%4h0.2027+0.109%$2.8M$225K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1368%4h0.2031+0.307%$1.9M$207K5xas long as short