Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC−0.056%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now −0.056%, 7d avg −0.033%

Together, before fees−0.396%+ Points / potential airdropExtended: Active · farm board−$40 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 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06727	0.0100	pay 0.0050% / 4h	3h 00m	$4.8M	$648K	50x
Short	Extended BASED-USD	0.06723	0.0104	get 0.0013% / 1h	0m 41s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0.84
Price spread: −0.056% → −0.033%: −$2.25
Slippage, 4 orders: −$60.99
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$71.4
Costs to cover: 0.700%
Break-even: 602.0 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 26 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 MEXC live order book, 2 min ago	0.74 bp	11.0 bp −$11	36.6 bp −$366	147.1 bp −$14.7K	560.8 bp −$280.4K
Sell Extended live order book, 26 min ago	1.34 bp	31.3 bp −$31	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	0.06724	−0.043%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06724	−0.045%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06712	−0.223%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06714	−0.193%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06716	−0.164%	$535K	$519K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06727	long leg	$4.8M	$648K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06715	−0.178%	$566K	$109K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06721	−0.089%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06717	−0.149%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06718	−0.140%	$92K	$21K	—	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	0.06728	+0.020%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06720	−0.104%	$1K	$791K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06723	−0.056%	$5K	$226K	5x
BloFin BASED-USDT	+0.0130%	4h	0.06729	+0.030%	$252K	$37K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0231%	4h	0.06727	0.000%	$3K	$745	10x	as long as short