Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.001%

Price spread now: BloFin against Extended−0.030%74s7-day average — · you buy dearer than you sell

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

Long on Extended Short on BloFin

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 pays, the price is against you. BloFin is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended kNOT-USD	0.0005067	0.0104	pay 0.0013% / 1h	1m 57s	$4K	—	5x
Short	BloFin NOT-USDT	0.0005065	0.0144	get 0.0072% / 4h	1m 57s	$111K	$16K	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 −0.030%Rate

Funding earned: $8.34
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.68
Costs to cover: 0.170%
Break-even: 16.8 days

Slippage unknown: Extended: no order-book sample; BloFin: live order book, 26 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell BloFin live order book, 26 min ago	6.90 bp	19.0 bp −$19	65.3 bp −$653	doesn't fit	doesn't fit

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	−0.0407%	4h	0.0005058	−0.166%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0266%	4h	0.0005061	−0.109%	$470K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.800%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005079	+0.236%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.068%	$360K	$56K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005069	+0.043%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005068	+0.029%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005063	−0.070%	$2.1M	$855K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005065	−0.030%	$641K	$667K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005070	+0.068%	$141K	$70K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005067	+0.009%	$1.3M	$435K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005069	+0.049%	$672K	$413K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005067	+0.009%	—	$8.8M	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005067	long leg	$4K	—	5x
BloFin NOT-USDTshort	+0.0144%	4h	0.0005065	−0.030%	$111K	$16K	50x
Kraken Futures PF_NOTUSD	+0.1694%	1h	0.0005099	+0.639%	$50K	$8K	10x	as long as short