Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: BingX against Extended+0.008%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1791.788% of the position

Long on Extended Short on BingX

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)−0.090%−$9 · spread now +0.008%, 7d avg −0.043%

Together, before fees−0.091%+ Points / potential airdropExtended: Active · farm board−$9 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: BingX is 0.051% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.07114	0.0104	pay 0.0013% / 1h	52m 37s	$12K	$107K	5x
Short	BingX H-USDT	0.07115	0.0100	get 0.0050% / 4h	2h 52m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$0.84
Price spread: +0.008% → −0.043%: $5.13
Slippage, 4 orders: −$163.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$174.53
Costs to cover: 1.788%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; BingX: live order book, 12 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, 32 min ago	2.81 bp	91.3 bp −$91	532.4 bp −$5,324	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.22 bp	15.3 bp −$15	77.5 bp −$775	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	−12.150%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0080%	4h	0.07120	+0.078%	$602K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07125	+0.148%	$119K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07111	−0.050%	$15.3M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07095	−0.279%	$7.8M	$4.3M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07112	−0.034%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07110	−0.062%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07114	−0.006%	$6.5M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07111	−0.048%	$1.7M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07117	+0.036%	$1.8M	$444K	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-USDTshort	+0.0100%	4h	0.07115	+0.008%	—	$2.6M	—
Variational Omni H	+0.0100%	4h	0.07095	−0.267%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07146	+0.445%	$1.2M	$491K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.07114	long leg	$12K	$107K	5x