Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h +0.011%

Price spread now: Extended against BloFin−0.198%94s7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1491.490% of the position

Long on BloFin 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)−0.378%−$38 · spread now −0.198%, 7d avg −0.102%

Together, before fees−0.350%+ Points / potential airdropExtended: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.102%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BEAT-USDT	0.08850	0.0497	pay 0.0248% / 4h	27m 28s	$478K	$41K	10x
Short	Extended BEAT-USD	0.08833	0.0480	get 0.0060% / 1h	27m 28s	$5K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$3.5
Price spread: −0.198% → −0.102%: −$9.55
Slippage, 4 orders: −$132.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$162.08
Costs to cover: 1.490%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Extended: live order book, 29 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 BloFin live order book, 8 min ago	11.38 bp	17.4 bp −$17	56.4 bp −$564	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	6.29 bp	43.9 bp −$44	259.2 bp −$2,592	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	0.08827	−0.261%	$49K	$34K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08824	−0.294%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08868	+0.203%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08855	+0.056%	$1K	$1.5M	20x	as long as short
KuCoin BEATUSDTM	+0.0254%	4h	0.08835	−0.169%	$2.4M	$1.2M	25x	as long as short
HTX BEAT-USDT	+0.0276%	4h	0.08862	+0.136%	$122K	$67K	20x	as long as short
Gate BEAT_USDT	+0.0342%	8h	0.08830	−0.226%	$3.3M	$2.1M	20x	as long as short
Bitget BEATUSDT	+0.0380%	4h	0.08830	−0.226%	$1.3M	$1.2M	10x	as long as short
edgeX BEATUSDC	+0.0442%	4h	0.08871	+0.236%	$4K	$166K	10x	as long as short
Binance BEATUSDT	+0.0478%	4h	0.08830	−0.226%	$8.1M	$11.9M	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	+0.0480%	1h	0.08833	−0.198%	$5K	$225K	5x
MEXC BEAT_USDT	+0.0480%	4h	0.08820	−0.339%	$5.8M	$2.5M	100x	as long as short
BloFin BEAT-USDTlong	+0.0497%	4h	0.08850	long leg	$478K	$41K	10x
BingX BEAT-USDT	+0.0688%	4h	0.08840	−0.113%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0737%	4h	0.08834	−0.181%	$4.1M	$11.3M	10x	as long as short