Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Extended against Bitget−0.151%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1121.115% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.151%, 7d avg −0.059%

Together, before fees+0.003%+ Points / potential airdropExtended: Active · farm board$0 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 0.092% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06830	0.0100	pay 0.0050% / 4h	16m 20s	$1.3M	$370K	25x
Short	Extended BASED-USD	0.06820	0.0104	get 0.0013% / 1h	16m 20s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0.84
Price spread: −0.151% → −0.059%: −$9.21
Slippage, 4 orders: −$94.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$119.9
Costs to cover: 1.115%
Break-even: 1006.2 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 61 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 Bitget live order book, 5 min ago	4.40 bp	21.5 bp −$22	80.4 bp −$804	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	1.03 bp	57.2 bp −$57	299.5 bp −$2,995	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
Binance BASEDUSDT	+0.0100%	4h	0.06821	−0.132%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06814	−0.234%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	−0.146%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06818	−0.176%	$542K	$538K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06825	−0.073%	$4.8M	$645K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06807	−0.337%	$571K	$69K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06830	long leg	$1.3M	$370K	25x
BingX BASED-USDT	+0.0100%	4h	0.06818	−0.176%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06815	−0.227%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06811	−0.272%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06813	−0.249%	$1K	$824K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06820	−0.151%	$5K	$226K	5x
BloFin BASED-USDT	+0.0121%	4h	0.06826	−0.059%	$252K	$41K	25x	as long as short
Aster BASEDUSDT	+0.0280%	4h	0.06817	−0.184%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0325%	4h	0.06822	−0.117%	$3K	$652	10x	as long as short