Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: Bybit against Extended−0.046%7-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 Bybit

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: Bybit is 0.046% cheaper against Extended than usual: you would sell low and buy high, −$5 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	Extended kNOT-USD	0.0005054	0.0104	pay 0.0013% / 1h	15m 27s	$4K	$1K	5x
Short	Bybit NOTUSDT	0.0005052	0.0100	get 0.0050% / 4h	2h 15m	$2.1M	$800K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.84
Price spread: −0.046% → 0.000%: −$4.64
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.99 bp	34.8 bp −$35	162.1 bp −$1,621	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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.568%	$1K	$13K	5.5x	as long as short
Variational Omni NOT	+0.0096%	4h	0.0005049	−0.101%	$66K	$34K	—	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005064	+0.197%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.086%	$369K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005056	+0.023%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005053	−0.027%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005052	−0.046%	$2.1M	$800K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005057	+0.053%	$612K	$580K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005055	+0.013%	$140K	$77K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005054	−0.007%	$1.3M	$491K	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	0.0005052	−0.046%	$491K	$119K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005058	+0.072%	$664K	$382K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005054	−0.007%	—	$7.5M	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005054	long leg	$4K	$1K	5x
BloFin NOT-USDT	+0.0152%	4h	0.0005060	+0.112%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.7065%	1h	0.0005085	+0.614%	$49K	$9K	10x	as long as short