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 +0.001%

Price spread now: Extended against MEXC+0.027%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Extended

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: Extended is 0.027% dearer against MEXC 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	MEXC NOT_USDT	0.0005039	0.0100	pay 0.0050% / 4h	2h 33m	$1.3M	$485K	200x
Short	Extended kNOT-USD	0.0005040	0.0104	get 0.0013% / 1h	33m 12s	$4K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0.84
Price spread: +0.027% → 0.000%: $2.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$5.49
Costs to cover: 0.090%
Break-even: 52.8 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.99 bp	11.5 bp −$11	29.3 bp −$293	90.1 bp −$9,012	118.1 bp −$59.0K
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	+0.0024%	4h	0.0005032	−0.132%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.274%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005052	+0.252%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.020%	$368K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005043	+0.071%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005041	+0.040%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005037	−0.040%	$2.1M	$801K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005041	+0.040%	$610K	$580K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005035	−0.079%	$140K	$76K	50x	as long as short
MEXC NOT_USDTlong	+0.0100%	4h	0.0005039	long leg	$1.3M	$485K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005037	−0.040%	$490K	$118K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005040	+0.020%	$662K	$382K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005037	−0.040%	—	$7.5M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005040	+0.027%	$4K	$1K	5x
BloFin NOT-USDT	+0.0115%	4h	0.0005037	−0.040%	$112K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.7077%	1h	0.0005076	+0.739%	$49K	$9K	10x	as long as short