Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−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 Extended Short on OKX

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: OKX is 0.034% cheaper against Extended 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	Extended kNOT-USD	0.0004987	0.0104	pay 0.0013% / 1h	23m 17s	$4K	—	5x
Short	OKX NOT-USDT-SWAP	0.0004985	0.0100	get 0.0050% / 4h	2h 23m	$633K	$696K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.84
Price spread: −0.034% → 0.000%: −$3.42
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; OKX: live order book, 23 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 OKX live order book, 23 min ago	2.98 bp	39.6 bp −$40	doesn't fit	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	−0.0152%	4h	0.0004969	−0.351%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0070%	4h	0.0004980	−0.134%	$475K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.260%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004998	+0.235%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004980	−0.134%	$335K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004991	+0.082%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004988	+0.026%	$2.0M	$3.2M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004982	−0.094%	$2.1M	$897K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0004985	−0.034%	$633K	$696K	20x
Gate NOT_USDT	+0.0100%	4h	0.0004990	+0.066%	$137K	$73K	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	0.0004988	+0.026%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004988	+0.026%	$651K	$487K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0004984	−0.054%	—	$8.5M	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0004987	long leg	$4K	—	5x
BloFin NOT-USDT	+0.0137%	4h	0.0004989	+0.046%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1697%	1h	0.0004990	+0.071%	$49K	$9K	10x	as long as short