Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit+0.047%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on Bybit 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)−0.156%−$16 · spread now +0.047%, 7d avg −0.125%

Together, before fees−0.148%+ Points / potential airdropExtended: Active · farm board−$15 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 0.172% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000TURBOUSDT	0.001049	0.0100	pay 0.0050% / 4h	45m 06s	$387K	$740K	25x
Short	Extended TURBO-USD	0.001050	0.0104	get 0.0013% / 1h	45m 06s	$398	$168K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0.84
Price spread: +0.047% → −0.125%: $17.19
Slippage, 4 orders: −$129.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$127.03
Costs to cover: 1.451%
Break-even: 1065.6 days

Slippage from Bybit: 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 Bybit live order book, 5 min ago	6.65 bp	31.6 bp −$32	266.8 bp −$2,668	doesn't fit	doesn't fit
Sell Extended live order book, 11 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	−0.0516%	1h	0.001049	+0.009%	$67K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.887%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001049	−0.019%	$312K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001050	+0.087%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001048	−0.111%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDTlong	+0.0100%	4h	0.001049	long leg	$387K	$740K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001049	−0.057%	$905K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001048	−0.124%	$397K	$256K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001049	−0.019%	$5.3M	$566K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001048	−0.133%	$1.9M	$807K	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	0.001049	−0.019%	$1.0M	$491K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001049	−0.048%	—	$7.7M	—	as long as short
Extended TURBO-USDshort	+0.0104%	1h	0.001050	+0.047%	$398	$168K	5x
BloFin TURBO-USDT	+0.0112%	4h	0.001051	+0.124%	$156K	$427K	75x	as long as short