Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.112%

Price spread now: Extended against Deribit+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BE_USDC-PERPETUAL	269.79	0	get 0.0000% / 1h	56m 13s	$6K	$4K	10x
Short	Extended BE-USD	269.84	0	get 0.0000% / 1h	56m 13s	$47K	$384K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → 0.000%: $1.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.24
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 41 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Extended live order book, 41 min ago	2.40 bp	16.2 bp −$16	124.3 bp −$1,243	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BE on 21 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
GRVT BE_USDT_Perp	−0.0264%	8h	270.81	+0.378%	$6K	$153K	10x	as long as short
tradeXYZ xyz:BE	−0.0181%	1h	269.98	+0.070%	$5.8M	$2.8M	10x	as long as short
Gate BE_USDT	−0.0143%	8h	269.70	−0.033%	$1.3M	$3.2M	50x	as long as short
Bitget BEUSDT	−0.0032%	8h	269.79	0.000%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	270.13	+0.128%	$341K	$128K	20x	as long as short
Extended BE-USDshort	0.0000%	1h	269.84	+0.018%	$47K	$384K	10x
Binance BEUSDT	0.0000%	8h	269.83	+0.015%	$8.1M	$37.0M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	269.82	+0.011%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	269.90	+0.041%	$2.6M	$6.8M	25x	as long as short
SunX BE-USDT	0.0000%	8h	270.62	+0.308%	$1K	$2.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BE_USDC-PERPETUALlong	0.0000%	1h	269.79	long leg	$6K	$4K	10x
HTX BE-USDT	0.0000%	8h	270.52	+0.271%	$12K	$35K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	269.63	−0.059%	$1.3M	$2.2M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	270.47	+0.252%	$473K	$112K	10x	as long as short
Lighter BE	+0.0032%	1h	269.47	−0.119%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	269.50	−0.107%	$245K	$303K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	269.61	−0.067%	$113K	$94K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	269.79	0.000%	—	—	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	270.32	+0.196%	$351K	$41K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	270.19	+0.149%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	270.64	+0.315%	$46K	$144K	20x	as long as short