Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h 0.000%

Price spread now: BloFin against Extended+0.168%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.168%, 7d avg +0.039%

Together, before fees−0.124%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.129% dearer against Extended than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.039%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06900	0.0104	pay 0.0013% / 1h	0m 32s	$2K	$228K	5x
Short	BloFin BASED-USDT	0.06912	0.0041	get 0.0020% / 4h	2h 00m	$262K	$51K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$13.24
Price spread: +0.168% → +0.039%: $12.92
Slippage, 4 orders: −$69.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$86.57
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from Extended: live order book, 46 min ago; BloFin: live order book, 16 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 Extended live order book, 46 min ago	1.02 bp	16.9 bp −$17	220.1 bp −$2,201	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	1.45 bp	24.1 bp −$24	64.8 bp −$648	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-USDTshort	+0.0041%	4h	0.06912	+0.168%	$262K	$51K	25x
Binance BASEDUSDT	+0.0100%	4h	0.06903	+0.032%	$4.3M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06890	−0.150%	$2.1M	$702K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06895	−0.078%	$2.7M	$4.0M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06895	−0.078%	$541K	$606K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06901	+0.009%	$5.0M	$538K	50x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06902	+0.024%	$1.3M	$383K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06897	−0.049%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06892	−0.125%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06836	−0.928%	$93K	$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	0.06906	+0.082%	$1K	$925K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06900	long leg	$2K	$228K	5x
Aster BASEDUSDT	+0.0230%	4h	0.06901	+0.009%	$29K	$6K	5x	as long as short
KuCoin BASEDUSDTM	+0.0246%	4h	0.06896	−0.063%	$588K	$73K	20x	as long as short
Orderly PERP_BASED_USDC	+0.0354%	4h	0.06905	+0.067%	$3K	$664	10x	as long as short