Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.007%

Price spread now: BloFin against Extended−0.219%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on Extended Short on BloFin

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)+0.735%+$74 · spread now −0.219%, 7d avg +0.074%

Together, before fees+0.735%+ Points / potential airdropExtended: Active · farm board+$73 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: BloFin is 0.293% cheaper against Extended than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06894	0.0104	pay 0.0013% / 1h	38m 38s	$11K	$107K	5x
Short	BloFin H-USDT	0.06879	0.0103	get 0.0051% / 4h	1h 38m	$580K	$116K	25x

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

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 BloFinbpOrdersPrice spread, now −0.219%Rate

Funding earned: −$0.26
Price spread: −0.219% → +0.074%: −$29.31
Slippage, 4 orders: −$170.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$216.96
Costs to cover: 1.874%
Break-even: never at this rate

Slippage from Extended: live order book, 42 min ago; BloFin: live order book, 43 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, 42 min ago	2.13 bp	82.7 bp −$83	534.9 bp −$5,349	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	0.71 bp	25.5 bp −$25	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	−9.343%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06891	−0.045%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06893	−0.009%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06880	−0.204%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06897	+0.042%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06882	−0.175%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06894	−0.001%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06887	−0.103%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06882	−0.175%	$1.7M	$456K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06895	+0.013%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06886	−0.114%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06900	+0.086%	$1.1M	$466K	10x	as long as short
BloFin H-USDTshort	+0.0103%	4h	0.06879	−0.219%	$580K	$116K	25x
Extended H-USDlong	+0.0104%	1h	0.06894	long leg	$11K	$107K	5x