Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against BingX−0.164%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1821.819% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.164%, 7d avg +0.046%

Together, before fees+0.251%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.210% cheaper against BingX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06924	0.0100	pay 0.0050% / 4h	1h 17m	—	$2.7M	—
Short	Extended H-USD	0.06913	0.0104	get 0.0013% / 1h	17m 23s	$11K	$107K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.164%Rate

Funding earned: $0.84
Price spread: −0.164% → +0.046%: −$21.04
Slippage, 4 orders: −$166.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$202.12
Costs to cover: 1.819%
Break-even: 1691.4 days

Slippage from BingX: live order book, 7 min ago; Extended: live order book, 63 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 BingX live order book, 7 min ago	2.89 bp	16.4 bp −$16	65.5 bp −$655	923.3 bp −$92.3K	1229.7 bp −$614.9K
Sell Extended live order book, 63 min ago	2.13 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.734%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06914	−0.140%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06914	−0.144%	$14.9M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06907	−0.246%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06911	−0.188%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06905	−0.274%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06913	−0.159%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06905	−0.274%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06901	−0.332%	$1.7M	$452K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06924	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06904	−0.287%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06919	−0.079%	$1.1M	$437K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06913	−0.164%	$11K	$107K	5x
BloFin H-USDT	+0.0128%	4h	0.06924	0.000%	$586K	$115K	25x	as long as short