Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.086%

Price spread now: Bybit against Extended−0.116%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2072.071% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$24 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.116%, 7d avg −0.033%

Together, before fees+0.008%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.083% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BEAT-USD	0.08959	0.0400	pay 0.0050% / 1h	33m 02s	$4K	$223K	5x
Short	Bybit BEATUSDT	0.08949	0.0100	get 0.0050% / 4h	3h 33m	$4.8M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$63
Price spread: −0.116% → −0.033%: −$8.26
Slippage, 4 orders: −$191.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$278.4
Costs to cover: 2.071%
Break-even: never at this rate

Slippage from Extended: live order book, 19 min ago; Bybit: live order book, 5 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 Extended live order book, 19 min ago	6.17 bp	34.4 bp −$34	233.5 bp −$2,335	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.36 bp	63.8 bp −$64	507.2 bp −$5,072	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	0.08959	−0.002%	$50K	$32K	10x	as long as short
Bybit BEATUSDTshort	+0.0100%	4h	0.08949	−0.116%	$4.8M	$2.3M	25x
Variational Omni BEAT	+0.0100%	4h	0.08905	−0.602%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08976	+0.185%	$1K	$1.5M	20x	as long as short
HTX BEAT-USDT	+0.0100%	4h	0.08973	+0.152%	$123K	$71K	20x	as long as short
KuCoin BEATUSDTM	+0.0134%	4h	0.08958	−0.015%	$2.4M	$1.2M	25x	as long as short
Bitget BEATUSDT	+0.0244%	4h	0.08960	+0.007%	$1.4M	$1.2M	10x	as long as short
Gate BEAT_USDT	+0.0263%	8h	0.08940	−0.216%	$3.3M	$2.1M	20x	as long as short
BloFin BEAT-USDT	+0.0366%	4h	0.08960	+0.007%	$487K	$42K	10x	as long as short
Extended BEAT-USDlong	+0.0400%	1h	0.08959	long leg	$4K	$223K	5x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEATUSDT	+0.0401%	4h	0.08958	−0.021%	$8.2M	$12.3M	10x	as long as short
MEXC BEAT_USDT	+0.0402%	4h	0.08950	−0.105%	$5.9M	$2.6M	100x	as long as short
edgeX BEATUSDC	+0.0408%	4h	0.08916	−0.486%	$4K	$166K	10x	as long as short
BingX BEAT-USDT	+0.0674%	4h	0.08950	−0.105%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0704%	4h	0.08956	−0.038%	$4.2M	$11.9M	10x	as long as short