Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h 0.000%

Price spread now: BloFin against Extended−0.046%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1571.572% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.046%, 7d avg +0.059%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.105% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1511	0.0104	pay 0.0013% / 1h	10m 59s	$5K	$171K	5x
Short	BloFin IO-USDT	0.1510	0.0042	get 0.0021% / 4h	1h 10m	$194K	$31K	50x

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 −0.046%Rate

Funding earned: −$12.98
Price spread: −0.046% → +0.059%: −$10.5
Slippage, 4 orders: −$140.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$180.68
Costs to cover: 1.572%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BloFin: live order book, 64 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, 5 min ago	5.62 bp	56.0 bp −$56	482.0 bp −$4,820	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	6.61 bp	16.4 bp −$16	53.4 bp −$534	516.2 bp −$51.6K	doesn't fit

IO 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
Kraken Futures PF_IOUSD	−0.0640%	1h	0.1513	+0.137%	$39K	$21K	10x	as long as short
BloFin IO-USDTshort	+0.0042%	4h	0.1510	−0.046%	$194K	$31K	50x
Hyperliquid IO	+0.0100%	1h	0.1511	−0.007%	$1.0M	$387K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1512	+0.116%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1511	+0.020%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1509	−0.113%	$1.1M	$874K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1510	−0.013%	$247K	$550K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1509	−0.113%	$1.1M	$232K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1510	−0.046%	$399K	$654K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.020%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1510	−0.046%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.125%	$30K	$5K	—	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1511	long leg	$5K	$171K	5x
Injective IO/USDC PERP	+0.0163%	1h	0.1514	+0.218%	$2K	$106	5.5x	as long as short