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: Extended against MEXC−0.012%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1691.691% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.012%, 7d avg −0.037%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 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 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.07021	0.0100	pay 0.0050% / 4h	2h 30m	$6.4M	$1.1M	20x
Short	Extended H-USD	0.07020	0.0104	get 0.0013% / 1h	30m 52s	$12K	$107K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.037%: $2.52
Slippage, 4 orders: −$160.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$165.77
Costs to cover: 1.691%
Break-even: 1388.4 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 54 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 MEXC live order book, 2 min ago	1.42 bp	12.1 bp −$12	58.1 bp −$581	111.2 bp −$11.1K	doesn't fit
Sell Extended live order book, 54 min ago	2.81 bp	55.4 bp −$55	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	−10.981%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0070%	4h	0.07029	+0.114%	$602K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07006	−0.208%	$117K	$47K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07022	+0.010%	$15.1M	$10.3M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07010	−0.158%	$7.7M	$4.4M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07019	−0.028%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07010	−0.157%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.07021	long leg	$6.4M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07013	−0.114%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07014	−0.100%	$1.7M	$450K	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	0.07020	−0.014%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07029	+0.118%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07041	+0.283%	$1.2M	$478K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.07020	−0.012%	$12K	$107K	5x