Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX+0.105%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on OKX 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)−0.044%−$4 · spread now +0.105%, 7d avg +0.053%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 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 0.052% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06839	0.0100	pay 0.0050% / 4h	1h 08m	$2.7M	$3.8M	20x
Short	Extended BASED-USD	0.06846	0.0104	get 0.0013% / 1h	8m 52s	$6K	$221K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0.84
Price spread: +0.105% → +0.053%: $5.21
Slippage, 4 orders: −$94.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$103.24
Costs to cover: 1.093%
Break-even: 867.4 days

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 33 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 OKX live order book, 4 min ago	2.19 bp	22.0 bp −$22	130.8 bp −$1,308	doesn't fit	doesn't fit
Sell Extended live order book, 33 min ago	1.09 bp	50.6 bp −$51	288.5 bp −$2,885	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	0.06848	+0.132%	$29K	$4K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06847	+0.121%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06840	+0.015%	$2.1M	$695K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06839	long leg	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06846	+0.102%	$536K	$603K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06846	+0.102%	$4.9M	$540K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06849	+0.146%	$582K	$70K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06846	+0.102%	$1.3M	$377K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06842	+0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06840	+0.018%	$93K	$10K	—	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	0.06840	+0.015%	$99K	$376K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06845	+0.088%	$1K	$915K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06846	+0.105%	$6K	$221K	5x
BloFin BASED-USDT	+0.0115%	4h	0.06852	+0.190%	$260K	$50K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0406%	4h	0.06849	+0.146%	$3K	$664	10x	as long as short