Funding arb · Price arb /

PTB

all PTB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.011%

Price spread now: Extended against Binance−0.013%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PTBUSDT	0.001265	0.0910	pay 0.0455% / 4h	3h 18m	$9.6M	$184.4M	20x
Short	Extended kPTB-USD	0.001265	0.0912	get 0.0114% / 1h	18m 08s	$4K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0.44
Price spread: −0.013% → 0.000%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.84
Costs to cover: 0.150%
Break-even: 258.5 days

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	2.75 bp	24.4 bp −$24	130.5 bp −$1,305	doesn't fit	doesn't fit
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.

PTB on 10 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
Bybit PTBUSDT	+0.0100%	4h	0.001268	+0.215%	$2.0M	$27.5M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001271	+0.424%	$38K	$72K	—	as long as short
Aster PTBUSDT	+0.0806%	4h	0.001267	+0.144%	$82K	$1.0M	5x	as long as short
BingX PTB-USDT	+0.0855%	4h	0.001267	+0.089%	—	$2.5M	—	as long as short
MEXC PTB_USDT	+0.0898%	4h	0.001267	+0.160%	$460K	$1.2M	20x	as long as short
BloFin PTB-USDT	+0.0909%	4h	0.001269	+0.270%	$551K	$1.0M	20x	as long as short
Binance PTBUSDTlong	+0.0910%	4h	0.001265	long leg	$9.6M	$184.4M	20x
Extended kPTB-USDshort	+0.0912%	1h	0.001265	−0.013%	$4K	$45K	5x
KuCoin PTBUSDTM	+0.1002%	4h	0.001267	+0.120%	$2.0M	$8.5M	20x	as long as short
Gate PTB_USDT	+0.2482%	4h	0.001266	+0.065%	$2.1M	$7.6M	25x	as long as short