Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Extended against MEXC+0.023%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.023%, 7d avg −0.026%

Together, before fees−0.009%+ Points / potential airdropExtended: Active · farm board−$1 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 0.049% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07652	0.0100	pay 0.0050% / 4h	35m 27s	$339K	$115K	20x
Short	Extended LAYER-USD	0.07654	0.0104	get 0.0013% / 1h	35m 27s	$2K	$174K	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 +0.023%Rate

Funding earned: $0.84
Price spread: +0.023% → −0.026%: $4.95
Slippage, 4 orders: −$95.7
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$94.91
Costs to cover: 1.007%
Break-even: 797.9 days

Slippage from MEXC: live order book, 25 min ago; Extended: live order book, 41 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, 25 min ago	1.96 bp	12.1 bp −$12	53.5 bp −$535	181.0 bp −$18.1K	doesn't fit
Sell Extended live order book, 41 min ago	4.85 bp	40.7 bp −$41	274.9 bp −$2,749	doesn't fit	doesn't fit

LAYER on 13 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_LAYERUSD	−0.0546%	1h	0.07661	+0.112%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.940%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07666	+0.180%	$591K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07643	−0.114%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07643	−0.112%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07647	−0.065%	$705K	$667K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07652	0.000%	$136K	$55K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07652	long leg	$339K	$115K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07646	−0.078%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07658	+0.078%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07650	−0.026%	$26K	$184K	50x	as long as short
Extended LAYER-USDshort	+0.0104%	1h	0.07654	+0.023%	$2K	$174K	5x
BloFin LAYER-USDT	+0.0133%	4h	0.07655	+0.039%	$113K	$12K	50x	as long as short