Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.124%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$928as in the Funding arb table

Net, price: spread back to 7d avg − costs−$921as in the Price arb table

costs, in and out, $10k−$9319.307% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.124%, 7d avg +0.026%

Together, before fees−0.143%+ Points / potential airdropExtended: Active · farm board−$14 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 0.098% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06781	0.0100	pay 0.0050% / 4h	2h 54m	$569K	$64K	20x
Short	Extended BASED-USD	0.06789	0.0104	get 0.0013% / 1h	54m 23s	$4K	$199K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0.84
Price spread: +0.124% → +0.026%: $9.79
Slippage, 4 orders: −$913.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$920.03
Costs to cover: 9.307%
Break-even: 7673.9 days

Slippage from KuCoin: live order book, 58 min ago; Extended: live order book, 12 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 KuCoin live order book, 58 min ago	24.21 bp	458.8 bp −$459	1063.3 bp −$10.6K	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	1.31 bp	46.5 bp −$46	283.7 bp −$2,837	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	+0.0097%	4h	0.06812	+0.457%	$254K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06786	+0.081%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06775	−0.088%	$2.1M	$615K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06784	+0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06770	−0.162%	$537K	$542K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06785	+0.059%	$4.8M	$626K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06781	long leg	$569K	$64K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06788	+0.103%	$1.3M	$368K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06782	+0.015%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06814	+0.493%	$94K	$18K	—	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	0.06849	+1.008%	$97K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06794	+0.192%	$1K	$854K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06789	+0.124%	$4K	$199K	5x
Orderly PERP_BASED_USDC	+0.0271%	4h	0.06791	+0.147%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0328%	4h	0.06794	+0.186%	$29K	$6K	5x	as long as short