Funding arb · Price arb /

GENIUS

all GENIUS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.006%

Price spread now: Extended against BloFin+0.018%74s7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1791.786% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.622%−$62 · spread now +0.018%, 7d avg −0.134%

Together, before fees−0.588%+ Points / potential airdropExtended: Active · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.152% dearer against BloFin than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.134%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GENIUS-USDT	0.3605	0.0139	pay 0.0070% / 4h	5m 54s	$479K	$19K	50x
Short	Extended GENIUS-USD	0.3606	0.0104	get 0.0013% / 1h	5m 54s	$3K	$188K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$7.4
Price spread: +0.018% → −0.134%: $15.15
Slippage, 4 orders: −$161.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$170.89
Costs to cover: 1.786%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 6 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 BloFin live order book, 5 min ago	1.39 bp	18.1 bp −$18	80.8 bp −$808	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	9.42 bp	34.6 bp −$35	doesn't fit	doesn't fit	doesn't fit

GENIUS on 12 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
Binance GENIUSUSDT	+0.0100%	4h	0.3607	+0.047%	$8.8M	$16.4M	50x	as long as short
Bybit GENIUSUSDT	+0.0100%	4h	0.3605	0.000%	$1.6M	$2.3M	25x	as long as short
Gate GENIUS_USDT	+0.0100%	4h	0.3600	−0.139%	$249K	$457K	20x	as long as short
MEXC GENIUS_USDT	+0.0100%	4h	0.3605	0.000%	$473K	$321K	20x	as long as short
KuCoin GENIUSUSDTM	+0.0100%	4h	0.3605	+0.003%	$553K	$1.8M	20x	as long as short
Bitget GENIUSUSDT	+0.0100%	4h	0.3600	−0.147%	$740K	$1.1M	20x	as long as short
Variational Omni GENIUS	+0.0100%	4h	0.3603	−0.055%	$95K	$106K	—	as long as short
SunX GENIUS-USDT	+0.0100%	4h	0.3604	−0.028%	$2K	$524K	20x	as long as short
Extended GENIUS-USDshort	+0.0104%	1h	0.3606	+0.018%	$3K	$188K	5x
BingX GENIUS-USDT	+0.0110%	4h	0.3605	0.000%	—	$1.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GENIUS-USDTlong	+0.0139%	4h	0.3605	long leg	$479K	$19K	50x
Aster GENIUSUSDT	+0.0468%	4h	0.3604	−0.028%	$259K	$510K	20x	as long as short