Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.075%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.075%, 7d avg −0.021%

Together, before fees+0.320%+ Points / potential airdropExtended: Active · farm board+$32 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: Gate is 0.053% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06823	0.0104	pay 0.0013% / 1h	6m 56s	$2K	$201K	5x
Short	Gate BASED_USDT	0.06818	0.0100	get 0.0050% / 4h	6m 56s	$535K	$599K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.075%Rate

Funding earned: −$0.84
Price spread: −0.075% → −0.021%: −$5.32
Slippage, 4 orders: −$122.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148.89
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from Extended: live order book, 50 min ago; Gate: live order book, 49 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, 50 min ago	1.54 bp	17.1 bp −$17	222.9 bp −$2,229	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	8.81 bp	38.9 bp −$39	doesn't fit	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
Aster BASEDUSDT	+0.0100%	4h	0.06822	−0.015%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	−0.001%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06810	−0.192%	$2.1M	$706K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06820	−0.045%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06818	−0.075%	$535K	$599K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06827	+0.057%	$4.9M	$596K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06818	−0.075%	$578K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06827	+0.057%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06819	−0.060%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06810	−0.188%	$94K	$15K	—	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	0.06782	−0.609%	$95K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06820	−0.045%	$1K	$901K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06823	long leg	$2K	$201K	5x
BloFin BASED-USDT	+0.0133%	4h	0.06827	+0.057%	$258K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0284%	4h	0.06818	−0.075%	$3K	$664	10x	as long as short