Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Bitget against Extended+0.087%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1191.185% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.102%+$10 · spread now +0.087%, 7d avg +0.122%

Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 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: Bitget is 0.035% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.04090	0.0104	pay 0.0013% / 1h	20m 03s	$232K	$1.1M	10x
Short	Bitget SUSDT	0.04094	0.0100	get 0.0050% / 4h	1h 20m	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$0.84
Price spread: +0.087% → +0.122%: −$3.54
Slippage, 4 orders: −$101.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.89
Costs to cover: 1.185%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bitget: live order book, 2 min ago.

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 live order book, 3 min ago	6.12 bp	45.8 bp −$46	262.1 bp −$2,621	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	7.30 bp	20.3 bp −$20	96.9 bp −$969	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1576%	1h	0.03940	−3.678%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1680%	1h	0.04090	+0.001%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.674%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04093	+0.060%	$1K	—	100x	as long as short
Variational Omni S	−0.0135%	4h	0.04099	+0.203%	$636K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04090	−0.006%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04095	+0.099%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.233%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04093	+0.062%	$101K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04098	+0.184%	$171K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04097	+0.170%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04099	+0.213%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04096	+0.136%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04093	+0.062%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04092	+0.038%	$1.1M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04097	+0.160%	$337K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04092	+0.038%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04089	−0.036%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.04094	+0.087%	$1.2M	$2.1M	50x
BingX S-USDT	+0.0100%	4h	0.04091	+0.013%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04090	−0.011%	$25K	$449K	50x	as long as short
Extended S-USDlong	+0.0104%	1h	0.04090	long leg	$232K	$1.1M	10x
BloFin S-USDT	+0.0340%	4h	0.04105	+0.356%	$286K	$104K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0727%	1h	0.04098	+0.184%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1613%	1h	0.04100	+0.233%	$121K	$373K	5x	as long as short