Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.071%

Price spread now: Extended against OKX−0.049%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.165%−$16 · spread now −0.049%, 7d avg −0.045%

Together, before fees−0.184%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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	OKX BEAT-USDT-SWAP	0.08716	0.0171	pay 0.0086% / 4h	1h 52m	$4.2M	$9.9M	10x
Short	Extended BEAT-USD	0.08712	0.0360	get 0.0045% / 1h	52m 57s	$5K	$221K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: $39.64
Price spread: −0.049% → −0.045%: −$0.43
Slippage, 4 orders: −$97.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$73.01
Costs to cover: 1.122%
Break-even: 19.9 days

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	0.57 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	6.27 bp	38.9 bp −$39	239.2 bp −$2,392	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	0.08711	−0.053%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08711	−0.057%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDT	+0.0100%	8h	0.08710	−0.069%	$3.2M	$2.0M	20x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08725	+0.106%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08749	+0.379%	$2K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAPlong	+0.0171%	4h	0.08716	long leg	$4.2M	$9.9M	10x
Bitget BEATUSDT	+0.0238%	4h	0.08720	+0.046%	$1.3M	$1.2M	10x	as long as short
HTX BEAT-USDT	+0.0314%	4h	0.08758	+0.482%	$120K	$66K	20x	as long as short
BloFin BEAT-USDT	+0.0338%	4h	0.08750	+0.390%	$490K	$50K	10x	as long as short
BingX BEAT-USDT	+0.0344%	4h	0.08710	−0.069%	—	$7.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0353%	4h	0.08741	+0.291%	$4K	$165K	10x	as long as short
MEXC BEAT_USDT	+0.0358%	4h	0.08710	−0.069%	$5.8M	$2.4M	100x	as long as short
Binance BEATUSDT	+0.0360%	4h	0.08710	−0.064%	$8.1M	$10.6M	10x	as long as short
Extended BEAT-USDshort	+0.0360%	1h	0.08712	−0.049%	$5K	$221K	5x
KuCoin BEATUSDTM	+0.0790%	4h	0.08724	+0.092%	$2.5M	$1.1M	25x	as long as short