Funding arb · Price arb /

TURBO

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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 −0.001%

Price spread now: Bybit against Extended+0.094%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1571.573% of the position

Long on Extended Short on Bybit

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)+0.020%+$2 · spread now +0.094%, 7d avg +0.126%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 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: Bybit is 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TURBO-USD	0.001058	0.0104	pay 0.0013% / 1h	40m 28s	$125	$171K	5x
Short	Bybit 1000TURBOUSDT	0.001059	0.0100	get 0.0050% / 4h	1h 40m	$397K	$732K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$0.84
Price spread: +0.094% → +0.126%: −$3.24
Slippage, 4 orders: −$141.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$161.36
Costs to cover: 1.573%
Break-even: never at this rate

Slippage from Extended: live order book, 21 min ago; Bybit: live order book, 15 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, 21 min ago	14.14 bp	40.3 bp −$40	318.2 bp −$3,182	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	9.86 bp	42.5 bp −$42	148.2 bp −$1,482	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	−0.0088%	1h	0.001058	−0.048%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.029%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001059	+0.084%	$318K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001058	−0.020%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001058	+0.027%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001059	+0.094%	$397K	$732K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001058	+0.037%	$917K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001058	−0.001%	$399K	$244K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001058	−0.048%	$5.3M	$556K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001059	+0.065%	$2.0M	$774K	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	0.001058	−0.010%	$1.0M	$476K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001061	+0.245%	—	$7.7M	—	as long as short
Extended TURBO-USDlong	+0.0104%	1h	0.001058	long leg	$125	$171K	5x
BloFin TURBO-USDT	+0.0159%	4h	0.001058	−0.001%	$156K	$420K	75x	as long as short