Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.209%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1221.215% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.209%, 7d avg −0.090%

Together, before fees−0.124%+ 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 0.120% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001071	0.0100	pay 0.0050% / 4h	3h 58m	—	$7.7M	—
Short	Extended TURBO-USD	0.001069	0.0104	get 0.0013% / 1h	58m 18s	$2K	$162K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.209%Rate

Funding earned: $0.84
Price spread: −0.209% → −0.090%: −$11.96
Slippage, 4 orders: −$106.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$132.64
Costs to cover: 1.215%
Break-even: 1112.3 days

Slippage from BingX: live order book, 5 min ago; Extended: live order book, 58 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 BingX live order book, 5 min ago	4.23 bp	23.3 bp −$23	73.3 bp −$733	379.5 bp −$38.0K	515.3 bp −$257.6K
Sell Extended live order book, 58 min ago	14.12 bp	40.4 bp −$40	361.5 bp −$3,615	doesn't fit	doesn't fit

TURBO 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
Kraken Futures PF_TURBOUSD	−0.0193%	1h	0.001070	−0.125%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.177%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001070	−0.084%	$311K	$150K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001069	−0.137%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001070	−0.110%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001068	−0.271%	$392K	$736K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001071	+0.028%	$917K	$2.0M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001068	−0.233%	$390K	$275K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001068	−0.243%	$5.4M	$572K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001070	−0.121%	$1.9M	$808K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001070	−0.084%	$1.1M	$509K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001071	long leg	—	$7.7M	—
Extended TURBO-USDshort	+0.0104%	1h	0.001069	−0.209%	$2K	$162K	5x
BloFin TURBO-USDT	+0.0129%	4h	0.001066	−0.420%	$156K	$442K	75x	as long as short