Funding arb · Price arb /

GENIUS

all GENIUS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended+0.626%94s7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as 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−$2072.069% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.474%+$47 · spread now +0.626%, 7d avg +0.111%

Together, before fees+0.443%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.515% dearer against Extended than usual: you sell high and buy low (spread +0.626% now, against its 7-day average of +0.111%): +$51 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. At the pace of the last 7 days (−0.031% in total) that is about 4 months. The two prices were read 94 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	Extended GENIUS-USD	0.3425	0.0144	pay 0.0018% / 1h	51m 26s	$1K	$172K	5x
Short	BloFin GENIUS-USDT	0.3446	0.0105	get 0.0052% / 4h	51m 26s	$488K	$24K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.626%Rate

Funding earned: −$8.27
Price spread: +0.626% → +0.111%: $51.5
Slippage, 4 orders: −$189.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$163.68
Costs to cover: 2.069%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BloFin: live order book, 50 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, 5 min ago	7.54 bp	91.4 bp −$91	638.4 bp −$6,384	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	2.90 bp	22.5 bp −$23	97.9 bp −$979	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
Bybit GENIUSUSDT	+0.0100%	4h	0.3422	−0.075%	$1.4M	$2.4M	25x	as long as short
Gate GENIUS_USDT	+0.0100%	4h	0.3422	−0.075%	$242K	$369K	20x	as long as short
KuCoin GENIUSUSDTM	+0.0100%	4h	0.3420	−0.122%	$534K	$1.8M	20x	as long as short
Bitget GENIUSUSDT	+0.0100%	4h	0.3420	−0.139%	$722K	$1.1M	20x	as long as short
Variational Omni GENIUS	+0.0100%	4h	0.3446	+0.638%	$90K	$82K	—	as long as short
SunX GENIUS-USDT	+0.0100%	4h	0.3421	−0.104%	$1K	$705K	20x	as long as short
BloFin GENIUS-USDTshort	+0.0105%	4h	0.3446	+0.626%	$488K	$24K	50x
Binance GENIUSUSDT	+0.0139%	4h	0.3425	+0.013%	$8.8M	$17.8M	50x	as long as short
BingX GENIUS-USDT	+0.0140%	4h	0.3425	+0.013%	—	$1.7M	—	as long as short
MEXC GENIUS_USDT	+0.0142%	4h	0.3421	−0.104%	$449K	$328K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GENIUS-USDlong	+0.0144%	1h	0.3425	long leg	$1K	$172K	5x
Aster GENIUSUSDT	+0.0660%	4h	0.3425	+0.013%	$250K	$436K	20x	as long as short