Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX+0.104%7-day average +0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX 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 3 days (all we have)+0.025%+$2 · spread now +0.104%, 7d avg +0.032%

Together, before fees+0.052%+ Points / potential airdropExtended: Active · farm board+$5 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 0.072% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06773	0.0100	pay 0.0050% / 4h	2h 18m	$1K	$797K	20x
Short	Extended BASED-USD	0.06780	0.0104	get 0.0013% / 1h	18m 45s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0.84
Price spread: +0.104% → +0.032%: $7.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.97
Costs to cover: 0.130%
Break-even: 48.5 days

Slippage unknown: SunX: live order book, 63 min ago; Extended: live order book, 3 min ago. Net counts fees only.

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 SunX live order book, 63 min ago	501.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.70 bp	47.4 bp −$47	285.5 bp −$2,855	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	+0.0043%	4h	0.06777	+0.059%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06781	+0.118%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06773	0.000%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06775	+0.030%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06777	+0.059%	$540K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06780	+0.103%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	−0.044%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.207%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	0.000%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06761	−0.183%	$92K	$22K	—	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	0.06776	+0.042%	$93K	$372K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06773	long leg	$1K	$797K	20x
Extended BASED-USDshort	+0.0104%	1h	0.06780	+0.104%	$5K	$226K	5x
Aster BASEDUSDT	+0.0177%	4h	0.06774	+0.013%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0308%	4h	0.06777	+0.059%	$3K	$652	10x	as long as short