Settings8H · net · $10k
Funding arb · Price arb /

PLAY

all PLAY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.003%
Price spread now: Extended against MEXC−0.029%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2452.446% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.029%, 7d avg −0.005%
Together, before fees−0.117%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PLAY_USDT0.028460.0522pay 0.0261% / 4h3h 10m$7.9M$618K20x
ShortExtended PLAY-USD0.028450.0520get 0.0065% / 1h10m 57s$2K$155K5x

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

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

Funding earned
−$0.42
Price spread: −0.029% → −0.005%
−$2.38
Slippage, 4 orders
−$235.58
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$247.38
Costs to cover
2.446%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago3.51 bp40.6 bp −$41116.0 bp −$1,160448.5 bp −$44.8Kdoesn't fit
Sell Extended live order book, 40 min ago7.32 bp102.0 bp −$102doesn't fitdoesn't fitdoesn't fit

PLAY on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PLAYUSDT+0.0100%4h0.02844−0.071%$1.8M$1.0M5xas long as short
Extended PLAY-USDshort+0.0520%1h0.02845−0.029%$2K$155K5x
MEXC PLAY_USDTlong+0.0522%4h0.02846long leg$7.9M$618K20x
Binance PLAYUSDT+0.0522%4h0.028460.000%$4.5M$10.4M10xas long as short
Gate PLAY_USDT+0.2092%4h0.02856+0.351%$495K$563K10xas long as short