Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended+0.045%7-day average — · you sell dearer than you buy

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

Long on Extended Short on MEXC

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: MEXC is 0.045% dearer against Extended than usual: you sell high and buy low, +$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	0.0005016	0.0104	pay 0.0013% / 1h	37m 18s	$4K	—	5x
Short	MEXC NOT_USDT	0.0005018	0.0100	get 0.0050% / 4h	1h 37m	$1.3M	$437K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$0.84
Price spread: +0.045% → 0.000%: $4.52
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$5.32
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.99 bp	13.3 bp −$13	46.8 bp −$468	93.6 bp −$9,362	115.9 bp −$58.0K

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	−0.0012%	4h	0.0005022	+0.117%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.826%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTM	+0.0068%	4h	0.0005012	−0.074%	$476K	$136K	50x	as long as short
BloFin NOT-USDT	+0.0089%	4h	0.0005028	+0.245%	$109K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005024	+0.169%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	+0.085%	$338K	$69K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005018	+0.053%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005018	+0.045%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005011	−0.094%	$2.1M	$887K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005020	+0.085%	$638K	$705K	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	0.0005030	+0.284%	$139K	$57K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005018	+0.045%	$1.3M	$437K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005021	+0.105%	$671K	$502K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005017	+0.025%	—	$731K	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005016	long leg	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.1948%	1h	0.0005020	+0.093%	$49K	$9K	10x	as long as short