Funding arb · Price arb /

BSB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h +0.071%

Price spread now: OKX against Extended+0.051%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1441.438% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.051%, 7d avg −0.065%

Together, before fees−0.025%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.115% dearer against Extended than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.065%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 BSB-USD	0.1060	0.0312	pay 0.0039% / 1h	50m 51s	$2K	$190K	5x
Short	OKX BSB-USDT-SWAP	0.1060	0.0100	get 0.0050% / 4h	2h 50m	$1.2M	$2.0M	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 +0.051%Rate

Funding earned: −$44.52
Price spread: +0.051% → −0.065%: $11.5
Slippage, 4 orders: −$128.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$176.81
Costs to cover: 1.438%
Break-even: never at this rate

Slippage from Extended: live order book, 15 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, 15 min ago	3.74 bp	41.6 bp −$42	390.1 bp −$3,901	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.89 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit

BSB on 13 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
Bybit BSBUSDT	+0.0100%	4h	0.1059	−0.072%	$2.9M	$836K	25x	as long as short
OKX BSB-USDT-SWAPshort	+0.0100%	4h	0.1060	+0.051%	$1.2M	$2.0M	10x
KuCoin BSBUSDTM	+0.0100%	4h	0.1059	−0.034%	$508K	$124K	10x	as long as short
Bitget BSBUSDT	+0.0100%	4h	0.1060	+0.022%	$3.4M	$859K	10x	as long as short
Variational Omni BSB	+0.0100%	4h	0.1058	−0.206%	$2K	$2K	—	as long as short
SunX BSB-USDT	+0.0100%	4h	0.1060	−0.006%	$1K	$918K	10x	as long as short
BloFin BSB-USDT	+0.0282%	4h	0.1060	+0.051%	$275K	$41K	10x	as long as short
MEXC BSB_USDT	+0.0304%	4h	0.1060	+0.013%	$1.1M	$165K	50x	as long as short
BingX BSB-USDT	+0.0310%	4h	0.1060	−0.016%	—	$1.7M	—	as long as short
Extended BSB-USDlong	+0.0312%	1h	0.1060	long leg	$2K	$190K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BSBUSDT	+0.0312%	4h	0.1060	+0.027%	$6.1M	$3.5M	10x	as long as short
Gate BSB_USDT	+0.0320%	4h	0.1059	−0.063%	$626K	$122K	20x	as long as short
Aster BSBUSDT	+0.0347%	4h	0.1060	+0.023%	$29K	$18K	5x	as long as short