Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against Bybit+0.029%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 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 0.029% dearer against Bybit than usual: you sell high and buy low, +$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	Bybit NOTUSDT	0.0005032	0.0100	pay 0.0050% / 4h	52m 37s	$2.1M	$819K	25x
Short	Extended kNOT-USD	0.0005033	0.0104	get 0.0013% / 1h	52m 37s	$4K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.84
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.27
Costs to cover: 0.160%
Break-even: 109.3 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	5.98 bp	39.6 bp −$40	doesn't fit	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	−0.0035%	4h	0.0005012	−0.406%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.140%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005049	+0.342%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.159%	$339K	$65K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005039	+0.137%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005035	+0.064%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005032	long leg	$2.1M	$819K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005035	+0.060%	$641K	$660K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005040	+0.159%	$139K	$53K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005036	+0.079%	$1.4M	$452K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005033	+0.020%	$480K	$132K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005040	+0.159%	$676K	$456K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005034	+0.040%	—	$730K	—	as long as short
BloFin NOT-USDT	+0.0102%	4h	0.0005035	+0.060%	$109K	$18K	50x	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005033	+0.029%	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.0444%	1h	0.0005045	+0.262%	$49K	$7K	10x	as long as short