Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.008%

Price spread now: Extended against HTX−0.279%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

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

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

Funding pays, the price is against you. Extended is 0.279% cheaper against HTX than usual: you would sell low and buy high (spread −0.279% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 19 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.040% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	275.67	0	get 0.0000% / 8h	3h 58m	$13K	$35K	20x
Short	Extended BE-USD	274.90	0.0048	get 0.0006% / 1h	58m 19s	$46K	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.279%Rate

Funding earned: $10.08
Price spread: −0.279% → 0.000%: −$27.85
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.77
Costs to cover: 0.170%
Break-even: 31.1 days

Slippage unknown: HTX: no order-book sample; Extended: live order book, 59 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 HTX no order-book sample	—	—	—	—	—
Sell Extended live order book, 59 min ago	2.54 bp	16.0 bp −$16	155.3 bp −$1,553	doesn't fit	doesn't fit

HTX: 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
Aster BEUSDT	0.0000%	8h	274.77	−0.327%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.70	−0.352%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.92	−0.272%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.23	−0.160%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.94	−0.265%	$1K	$2.4M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	275.67	long leg	$13K	$35K	20x
Lighter BE	+0.0032%	1h	274.56	−0.403%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.73	−0.341%	$251K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	274.95	−0.261%	$1.3M	$2.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.85	−0.297%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	274.92	−0.272%	—	—	10x	as long as short
Extended BE-USDshort	+0.0048%	1h	274.90	−0.279%	$46K	$260K	10x
Binance BEUSDT	+0.0049%	8h	274.91	−0.276%	$8.5M	$36.5M	25x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.82	−0.308%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.940%	$473K	$128K	10x	as long as short
Bybit BEUSDT	+0.0097%	8h	274.91	−0.276%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.85	−0.297%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.83	−0.304%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0146%	8h	275.15	−0.189%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0171%	8h	274.97	−0.254%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0624%	1h	274.83	−0.305%	$7K	$4K	10x	as long as short