Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.007%

Price spread now: Extended against BloFin−0.084%54s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as 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−$1571.571% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.432%−$43 · spread now −0.084%, 7d avg −0.074%

Together, before fees−0.432%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 54 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 H-USDT	0.07026	0.0054	pay 0.0027% / 4h	54m 03s	$592K	$117K	25x
Short	Extended H-USD	0.07020	0.0104	get 0.0013% / 1h	54m 03s	$11K	$107K	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

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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.084%Rate

Funding earned: $10.4
Price spread: −0.084% → −0.074%: −$1.01
Slippage, 4 orders: −$140.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$147.7
Costs to cover: 1.571%
Break-even: 106.4 days

Slippage from BloFin: live order book, 22 min ago; Extended: live order book, 21 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, 22 min ago	2.89 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	2.17 bp	38.3 bp −$38	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	−11.045%	$1K	$1	5.5x	as long as short
BloFin H-USDTlong	+0.0054%	4h	0.07026	long leg	$592K	$117K	25x
Aster HUSDT	+0.0100%	4h	0.07016	−0.148%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07026	0.000%	$15.1M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07015	−0.154%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07035	+0.128%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07016	−0.142%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07023	−0.043%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07017	−0.128%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07012	−0.199%	$1.7M	$447K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07022	−0.057%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06997	−0.419%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07008	−0.257%	$1.2M	$437K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.07020	−0.084%	$11K	$107K	5x