Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance−0.014%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.014%, 7d avg −0.034%

Together, before fees−0.045%+ Points / potential airdropExtended: Active · farm board−$5 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 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06781	0.0100	pay 0.0050% / 4h	2h 18m	$4.2M	$2.9M	25x
Short	Extended BASED-USD	0.06780	0.0104	get 0.0013% / 1h	18m 28s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0.84
Price spread: −0.014% → −0.034%: $2.02
Slippage, 4 orders: −$99.74
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$111.88
Costs to cover: 1.147%
Break-even: 939.3 days

Slippage from Binance: live order book, 4 min ago; Extended: live order book, 4 min ago.

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 Binance live order book, 4 min ago	1.48 bp	23.9 bp −$24	124.2 bp −$1,242	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.70 bp	47.4 bp −$47	285.5 bp −$2,855	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0043%	4h	0.06777	−0.059%	$251K	$37K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06781	long leg	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06773	−0.118%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06775	−0.088%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06777	−0.059%	$540K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06780	−0.015%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	−0.162%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.088%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	−0.118%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06761	−0.300%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06776	−0.076%	$93K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06773	−0.118%	$1K	$797K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06780	−0.014%	$5K	$226K	5x
Aster BASEDUSDT	+0.0177%	4h	0.06775	−0.095%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0308%	4h	0.06777	−0.059%	$3K	$652	10x	as long as short