Funding arb · Price arb /

DATA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0832%/8h= +91.1% APRpaid last 24h +0.044%

Price spread now: Extended against MEXC−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.023% cheaper against MEXC than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DATA_USDT	0.2204	−0.2912	get 0.1456% / 4h	2h 00m	$123K	$283K	20x
Short	Extended DATA-USD	0.2203	−0.2080	pay 0.0260% / 1h	0m 32s	$917	$60	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $174.72
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $163.39
Costs to cover: 0.090%
Break-even: 0.5 days

Slippage unknown: MEXC: live order book, 29 min ago; Extended: no order-book sample. Net counts fees only.

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 MEXC live order book, 29 min ago	2.27 bp	13.4 bp −$13	61.0 bp −$610	659.1 bp −$65.9K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DATA on 9 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 DATAUSDT	−0.3028%	4h	0.2207	+0.136%	$1.1M	$2.5M	20x	as long as short
OKX DATA-USDT-SWAP	−0.2913%	4h	0.2204	0.000%	$1.2M	$9.6M	20x	as long as short
MEXC DATA_USDTlong	−0.2912%	4h	0.2204	long leg	$123K	$283K	20x
BloFin DATA-USDT	−0.2889%	4h	0.2208	+0.181%	$117K	$7K	20x	as long as short
Gate DATA_USDT	−0.2170%	4h	0.2206	+0.091%	$112K	$125K	20x	as long as short
Extended DATA-USDshort	−0.2080%	1h	0.2203	−0.023%	$917	$60	5x
KuCoin DATAUSDTM	−0.1014%	4h	0.2205	+0.059%	$259K	$970K	30x	as long as short
Bitget DATAUSDT	−0.0060%	4h	0.2204	0.000%	$663K	$664K	50x	as long as short
Lighter DATA	+0.0016%	1h	0.2206	+0.091%	$59K	$285K	10x	as long as short