Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h 0.000%

Price spread now: Extended against Bitget−0.064%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.064% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget REUSDT	0.4632	0.0100	pay 0.0050% / 4h	1h 51m	$1.8M	$541K	20x
Short	Extended RE-USD	0.4629	0.0024	get 0.0003% / 1h	51m 10s	$788	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$15.96
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.75 bp	20.3 bp −$20	52.1 bp −$521	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.

RE on 14 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
BloFin RE-USDT	−0.0029%	4h	0.4627	−0.101%	$359K	$20K	50x	as long as short
gTrade (Gains Network) RE/USD	L −0.0025% / S +0.0026%	1h	0.4632	+0.010%	—	—	150x	as long as short
edgeX REUSDC	+0.0017%	4h	0.4629	−0.051%	$8K	$218K	10x	as long as short
MEXC RE_USDT	+0.0022%	4h	0.4633	+0.028%	$1.3M	$430K	50x	as long as short
Binance REUSDT	+0.0023%	4h	0.4630	−0.037%	$8.3M	$8.1M	50x	as long as short
Extended RE-USDshort	+0.0024%	1h	0.4629	−0.064%	$788	—	5x
OKX RE-USDT-SWAP	+0.0057%	4h	0.4629	−0.065%	$1.7M	$3.4M	20x	as long as short
Aster REUSDT	+0.0100%	4h	0.4635	+0.069%	$30K	$21K	20x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4630	−0.037%	$1.4M	$1.2M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4635	+0.067%	$420K	$913K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin REUSDTM	+0.0100%	4h	0.4633	+0.035%	$1.4M	$923K	20x	as long as short
Bitget REUSDTlong	+0.0100%	4h	0.4632	long leg	$1.8M	$541K	20x
BingX RE-USDT	+0.0100%	4h	0.4629	−0.058%	—	$1.7M	—	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4633	+0.028%	$4K	—	10x	as long as short