Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005074	0.0100	pay 0.0050% / 4h	1h 43m	$2.1M	$3.1M	50x
Short	Extended kNOT-USD	0.0005072	0.0104	get 0.0013% / 1h	43m 00s	$4K	$491	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.84
Price spread: −0.034% → 0.000%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.6
Costs to cover: 0.150%
Break-even: 153.7 days

Slippage unknown: Binance: live order book, 8 min ago; Extended: no order-book sample. Net counts fees only.

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 Binance live order book, 8 min ago	2.96 bp	21.1 bp −$21	154.1 bp −$1,541	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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
Variational Omni NOT	−0.0346%	4h	0.0005053	−0.406%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0192%	4h	0.0005055	−0.369%	$463K	$130K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.936%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0049%	4h	0.0005069	−0.093%	$112K	$17K	50x	as long as short
Bybit NOTUSDT	+0.0049%	4h	0.0005064	−0.191%	$2.1M	$862K	25x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005083	+0.179%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.073%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005068	−0.106%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005074	long leg	$2.1M	$3.1M	50x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005071	−0.053%	$634K	$652K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005062	−0.231%	$143K	$68K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005073	−0.014%	$1.3M	$439K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005068	−0.112%	$672K	$411K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005066	−0.152%	—	$721K	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005072	−0.034%	$4K	$491	5x
Kraken Futures PF_NOTUSD	+0.1950%	1h	0.0005074	+0.015%	$50K	$9K	10x	as long as short