Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.010%

Price spread now: Bybit against Extended+0.084%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$880.878% 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)−0.066%−$7 · spread now +0.084%, 7d avg +0.017%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.067% dearer against Extended than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BE-USD	275.37	0.0200	pay 0.0025% / 1h	13m 48s	$47K	$260K	10x
Short	Bybit BEUSDT	275.60	0.0103	get 0.0103% / 8h	7h 13m	$2.0M	$1.2M	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 +0.084%Rate

Funding earned: −$20.3
Price spread: +0.084% → +0.017%: $6.67
Slippage, 4 orders: −$71.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.44
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; Bybit: live order book, 3 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, 59 min ago	2.37 bp	15.9 bp −$16	181.2 bp −$1,812	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.26 bp	37.1 bp −$37	193.7 bp −$1,937	doesn't fit	doesn't fit

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
Aster BEUSDT	0.0000%	8h	275.11	−0.096%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.10	−0.098%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.35	−0.007%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.63	+0.095%	$1K	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	275.19	−0.065%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.32	−0.018%	$251K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.32	−0.018%	$1.3M	$3.5M	10x	as long as short
HTX BE-USDT	+0.0037%	8h	275.85	+0.175%	$13K	$33K	20x	as long as short
Arcus BE-USD	+0.0040%	1h	275.28	−0.032%	$115K	$112K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.38	+0.004%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BE	+0.0050%	1h	275.20	−0.061%	$6.0M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.60	+0.084%	$372K	$22K	20x	as long as short
Bybit BEUSDTshort	+0.0103%	8h	275.60	+0.084%	$2.0M	$1.2M	25x
Aevo BE-PERP	+0.0104%	1h	275.34	−0.010%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	275.39	+0.008%	$477K	$132K	10x	as long as short
Binance BEUSDT	+0.0197%	8h	275.44	+0.025%	$8.6M	$36.3M	25x	as long as short
Extended BE-USDlong	+0.0200%	1h	275.37	long leg	$47K	$260K	10x
Deribit BE_USDC-PERPETUAL	+0.0259%	1h	275.34	−0.010%	$7K	$4K	10x	as long as short
OKX BE-USDT-SWAP	+0.0262%	8h	275.70	+0.120%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0311%	8h	275.78	+0.149%	$45K	$141K	20x	as long as short
GRVT BE_USDT_Perp	+0.0659%	8h	275.57	+0.073%	$7K	$174K	10x	as long as short