Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.002%

Price spread now: Extended against Binance−0.014%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1141.141% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.014%, 7d avg −0.036%

Together, before fees−0.090%+ Points / potential airdropExtended: Active · farm board−$9 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% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEATUSDT	0.08690	0.0325	pay 0.0162% / 4h	2h 39m	$8.2M	$10.4M	10x
Short	Extended BEAT-USD	0.08689	0.0320	get 0.0040% / 1h	39m 42s	$5K	$221K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$1.02
Price spread: −0.014% → −0.036%: $2.18
Slippage, 4 orders: −$99.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$112.97
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Extended: live order book, 47 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 Binance live order book, 15 min ago	5.79 bp	19.7 bp −$20	68.6 bp −$686	doesn't fit	doesn't fit
Sell Extended live order book, 47 min ago	6.33 bp	39.6 bp −$40	259.5 bp −$2,595	doesn't fit	doesn't fit

BEAT 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 BEATUSDT	+0.0100%	4h	0.08673	−0.201%	$48K	$31K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08684	−0.069%	$4.6M	$2.1M	25x	as long as short
OKX BEAT-USDT-SWAP	+0.0100%	4h	0.08691	+0.012%	$4.2M	$9.7M	10x	as long as short
Gate BEAT_USDT	+0.0100%	8h	0.08670	−0.230%	$3.2M	$2.0M	20x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08654	−0.420%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08705	+0.173%	$1K	$1.3M	20x	as long as short
Bitget BEATUSDT	+0.0238%	4h	0.08690	0.000%	$1.2M	$1.1M	10x	as long as short
HTX BEAT-USDT	+0.0246%	4h	0.08690	0.000%	$119K	$66K	20x	as long as short
edgeX BEATUSDC	+0.0298%	4h	0.08645	−0.519%	$4K	$166K	10x	as long as short
BingX BEAT-USDT	+0.0310%	4h	0.08690	0.000%	—	$7.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BEAT_USDT	+0.0318%	4h	0.08690	0.000%	$5.8M	$2.4M	100x	as long as short
Extended BEAT-USDshort	+0.0320%	1h	0.08689	−0.014%	$5K	$221K	5x
Binance BEATUSDTlong	+0.0325%	4h	0.08690	long leg	$8.2M	$10.4M	10x
BloFin BEAT-USDT	+0.0332%	4h	0.08660	−0.345%	$497K	$49K	10x	as long as short
KuCoin BEATUSDTM	+0.0826%	4h	0.08694	+0.046%	$2.6M	$1.1M	25x	as long as short