Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.082%

Price spread now: Extended against Bybit+0.115%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1931.931% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.115%, 7d avg +0.034%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.034%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.222% in total (about 11.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEATUSDT	0.08788	0.0100	pay 0.0050% / 4h	2h 07m	$4.7M	$2.2M	25x
Short	Extended BEAT-USD	0.08798	0.0472	get 0.0059% / 1h	7m 47s	$5K	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.115%Rate

Funding earned: $78.12
Price spread: +0.115% → +0.034%: $8.01
Slippage, 4 orders: −$177.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.95
Costs to cover: 1.931%
Break-even: 16.6 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 59 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 Bybit live order book, 5 min ago	3.42 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 59 min ago	7.36 bp	42.1 bp −$42	252.2 bp −$2,522	doesn't fit	doesn't fit

BEAT on 14 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	0.08795	+0.080%	$49K	$33K	10x	as long as short
Bybit BEATUSDTlong	+0.0100%	4h	0.08788	long leg	$4.7M	$2.2M	25x
Variational Omni BEAT	+0.0100%	4h	0.08777	−0.120%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08792	+0.046%	$2K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0268%	4h	0.08852	+0.728%	$122K	$67K	20x	as long as short
KuCoin BEATUSDTM	+0.0464%	4h	0.08792	+0.046%	$2.4M	$1.2M	25x	as long as short
MEXC BEAT_USDT	+0.0468%	4h	0.08790	+0.023%	$5.8M	$2.6M	100x	as long as short
edgeX BEATUSDC	+0.0469%	4h	0.08784	−0.049%	$4K	$165K	10x	as long as short
Binance BEATUSDT	+0.0469%	4h	0.08790	+0.023%	$8.1M	$11.6M	10x	as long as short
Extended BEAT-USDshort	+0.0472%	1h	0.08798	+0.115%	$5K	$224K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BEAT-USDT-SWAP	+0.0479%	4h	0.08802	+0.159%	$4.1M	$11.0M	10x	as long as short
BingX BEAT-USDT	+0.0496%	4h	0.08790	+0.023%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0538%	4h	0.08800	+0.137%	$1.3M	$1.2M	10x	as long as short
Gate BEAT_USDT	+0.0620%	8h	0.08780	−0.091%	$3.3M	$2.1M	20x	as long as short