Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h 0.000%

Price spread now: Extended against BingX−0.238%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.238%, 7d avg −0.009%

Together, before fees−0.064%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.229% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BEAT-USDT	0.08700	0.0510	pay 0.0255% / 4h	2h 55m	—	$7.6M	—
Short	Extended BEAT-USD	0.08679	0.0424	get 0.0053% / 1h	55m 45s	$4K	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.238%Rate

Funding earned: −$18.06
Price spread: −0.238% → −0.009%: −$22.9
Slippage, 4 orders: −$103.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$159.29
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Extended: live order book, 11 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 BingX live order book, 12 min ago	11.32 bp	22.7 bp −$23	38.9 bp −$389	274.2 bp −$27.4K	doesn't fit
Sell Extended live order book, 11 min ago	7.36 bp	42.1 bp −$42	252.2 bp −$2,522	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	0.08676	−0.272%	$48K	$32K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08693	−0.080%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08663	−0.429%	$33K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08682	−0.207%	$1K	$1.4M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0259%	4h	0.08701	+0.011%	$4.1M	$10.5M	10x	as long as short
HTX BEAT-USDT	+0.0290%	4h	0.08731	+0.356%	$120K	$67K	20x	as long as short
BloFin BEAT-USDT	+0.0376%	4h	0.08750	+0.575%	$490K	$45K	10x	as long as short
MEXC BEAT_USDT	+0.0420%	4h	0.08700	0.000%	$5.6M	$2.5M	100x	as long as short
edgeX BEATUSDC	+0.0421%	4h	0.08758	+0.670%	$4K	$164K	10x	as long as short
Binance BEATUSDT	+0.0421%	4h	0.08690	−0.115%	$8.1M	$11.3M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USDshort	+0.0424%	1h	0.08679	−0.238%	$4K	$224K	5x
BingX BEAT-USDTlong	+0.0510%	4h	0.08700	long leg	—	$7.6M	—
Bitget BEATUSDT	+0.0534%	4h	0.08700	0.000%	$1.3M	$1.1M	10x	as long as short
KuCoin BEATUSDTM	+0.0606%	4h	0.08694	−0.069%	$2.4M	$1.2M	25x	as long as short
Gate BEAT_USDT	+0.0631%	8h	0.08680	−0.230%	$3.2M	$2.0M	20x	as long as short