Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.4% APRpaid last 24h −0.072%

Price spread now: OKX against Extended+0.079%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now +0.079%, 7d avg +0.048%

Together, before fees+0.140%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.031% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% 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	Extended BEAT-USD	0.08844	0.0424	pay 0.0053% / 1h	1m 57s	$5K	$225K	5x
Short	OKX BEAT-USDT-SWAP	0.08851	0.0692	get 0.0346% / 4h	1m 57s	$4.1M	$11.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $56.31
Price spread: +0.079% → +0.048%: $3.14
Slippage, 4 orders: −$98.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.34
Costs to cover: 1.138%
Break-even: 13.8 days

Slippage from Extended: live order book, 55 min ago; OKX: live order book, 1 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, 55 min ago	6.29 bp	39.1 bp −$39	241.8 bp −$2,418	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.57 bp	14.6 bp −$15	31.6 bp −$316	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	0.08840	−0.050%	$49K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08842	−0.023%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08824	−0.221%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08857	+0.147%	$2K	$1.5M	20x	as long as short
KuCoin BEATUSDTM	+0.0188%	4h	0.08834	−0.113%	$2.4M	$1.3M	25x	as long as short
HTX BEAT-USDT	+0.0196%	4h	0.08849	+0.057%	$121K	$68K	20x	as long as short
Gate BEAT_USDT	+0.0298%	8h	0.08830	−0.158%	$3.3M	$2.1M	20x	as long as short
Bitget BEATUSDT	+0.0306%	4h	0.08850	+0.068%	$1.3M	$1.2M	10x	as long as short
Extended BEAT-USDlong	+0.0424%	1h	0.08844	long leg	$5K	$225K	5x
MEXC BEAT_USDT	+0.0424%	4h	0.08840	−0.045%	$5.8M	$2.5M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEATUSDT	+0.0424%	4h	0.08847	+0.029%	$8.1M	$12.0M	10x	as long as short
edgeX BEATUSDC	+0.0441%	4h	0.08834	−0.118%	$4K	$166K	10x	as long as short
BloFin BEAT-USDT	+0.0462%	4h	0.08860	+0.181%	$486K	$41K	10x	as long as short
BingX BEAT-USDT	+0.0678%	4h	0.08850	+0.068%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAPshort	+0.0692%	4h	0.08851	+0.079%	$4.1M	$11.5M	10x