Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.137%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3233.227% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.137%, 7d avg −0.059%

Together, before fees−0.176%+ Points / potential airdropExtended: Active · farm board−$18 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: Gate is 0.077% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06688	0.0104	pay 0.0013% / 1h	30m 44s	$10K	$102K	5x
Short	Gate H_USDT	0.06679	0.0100	get 0.0050% / 4h	30m 44s	$2.7M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.137%Rate

Funding earned: −$0.84
Price spread: −0.137% → −0.059%: −$7.72
Slippage, 4 orders: −$302.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$331.29
Costs to cover: 3.227%
Break-even: never at this rate

Slippage from Extended: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago	2.25 bp	64.2 bp −$64	530.9 bp −$5,309	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.74 bp	117.9 bp −$118	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	−6.551%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0052%	4h	0.06690	+0.028%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06686	−0.025%	$109K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06690	+0.028%	$14.3M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06682	−0.084%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06692	+0.058%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06679	−0.137%	$2.7M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06690	+0.028%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06680	−0.122%	$1.7M	$447K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06688	−0.002%	—	$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	0.06685	−0.050%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06696	+0.117%	$1.1M	$432K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06688	long leg	$10K	$102K	5x
BloFin H-USDT	+0.0131%	4h	0.06684	−0.062%	$580K	$108K	25x	as long as short