Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against MEXC−0.031%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.031%, 7d avg −0.098%

Together, before fees+0.067%+ Points / potential airdropExtended: Active · farm board+$7 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 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.03943	0.0100	pay 0.0050% / 4h	2m 23s	$3.6M	$1.9M	200x
Short	Extended S-USD	0.03942	0.0104	get 0.0013% / 1h	2m 23s	$221K	$877K	10x

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

Position, each leg$Hold fordaysFee MEXCbpFee ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → −0.098%: $6.7
Slippage, 4 orders: −$74.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$75.85
Costs to cover: 0.834%
Break-even: 639.1 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 11 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 MEXC live order book, 5 min ago	2.54 bp	4.8 bp −$5	32.8 bp −$328	255.9 bp −$25.6K	doesn't fit
Sell Extended live order book, 11 min ago	5.10 bp	32.5 bp −$33	260.0 bp −$2,600	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	−0.6104%	1h	0.03840	−2.612%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2116%	1h	0.03941	−0.057%	$33K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.967%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1056%	4h	0.03927	−0.407%	$611K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0205% / S +0.0197%	1h	0.03948	+0.134%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03942	−0.014%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0003%	1h	0.03949	+0.152%	$66K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03948	+0.134%	$609	—	150x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03944	+0.025%	$100K	$337K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.982%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03949	+0.152%	$165K	$217K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03943	+0.008%	$988K	$664K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03949	+0.151%	$43K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03944	+0.025%	$5.4M	$16.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03940	−0.076%	$5.6M	$5.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03943	0.000%	$984K	$4.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03937	−0.152%	$321K	$259K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.03943	long leg	$3.6M	$1.9M	200x
KuCoin SUSDTM	+0.0100%	4h	0.03948	+0.127%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03945	+0.051%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03943	0.000%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03950	+0.178%	$115K	$313K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−0.076%	$25K	$448K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.03942	−0.031%	$221K	$877K	10x
BloFin S-USDT	+0.0340%	4h	0.03935	−0.203%	$265K	$125K	75x	as long as short