Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.103%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.103%, 7d avg +0.041%

Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 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 0.062% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IO_USDT	0.1483	0.0100	pay 0.0050% / 4h	2h 38m	$1.2M	$234K	125x
Short	Extended IO-USD	0.1485	0.0104	get 0.0013% / 1h	38m 07s	$3K	$215K	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

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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 +0.103%Rate

Funding earned: $0.84
Price spread: +0.103% → +0.041%: $6.2
Slippage, 4 orders: −$167.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$169.33
Costs to cover: 1.764%
Break-even: 1418.1 days

Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 8 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, 3 min ago	6.73 bp	23.9 bp −$24	173.6 bp −$1,736	274.1 bp −$27.4K	doesn't fit
Sell Extended live order book, 8 min ago	7.70 bp	47.9 bp −$48	doesn't fit	doesn't fit	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
Hyperliquid IO	+0.0100%	1h	0.1485	+0.135%	$990K	$363K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1486	+0.213%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1487	+0.270%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1484	+0.067%	$1.1M	$901K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1483	−0.020%	$230K	$446K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1483	long leg	$1.2M	$234K	125x
KuCoin IOUSDTM	+0.0100%	4h	0.1483	0.000%	$347K	$624K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1486	+0.202%	$1.4M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1483	0.000%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1486	+0.187%	$30K	$16K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0101%	4h	0.1486	+0.202%	$193K	$38K	50x	as long as short
Extended IO-USDshort	+0.0104%	1h	0.1485	+0.103%	$3K	$215K	5x
Injective IO/USDC PERP	+0.0619%	1h	0.1494	+0.742%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+2.7510%	1h	0.1487	+0.293%	$38K	$10K	10x	as long as short