Funding arb · Price arb /

CSCO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Extended against Phemex−0.197%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.364%+$36 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.197%, 7d avg −0.175%

Together, before fees+0.225%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.022% cheaper against Phemex than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.175%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CSCOUSDT	111.73	0	get 0.0000% / 8h	2h 51m	$1.3M	$34K	10x
Short	Extended CSCO_24_5-USD	111.51	0.0104	get 0.0013% / 1h	51m 10s	$232K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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 PhemexbpFee ExtendedbpOrdersPrice spread, now −0.197%Rate

Funding earned: $21.84
Price spread: −0.197% → −0.175%: −$2.22
Slippage, 4 orders: −$108.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.39
Costs to cover: 1.250%
Break-even: 40.8 days

Slippage from Phemex: live order book, 2 min ago; Extended: live order book, 61 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 Phemex live order book, 2 min ago	1.34 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	18.40 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit

CSCO on 13 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 CSCOUSDT	0.0000%	8h	111.62	−0.095%	$4K	$6K	20x	as long as short
Binance CSCOUSDT	0.0000%	8h	111.66	−0.063%	$739K	$440K	20x	as long as short
Bybit CSCOUSDT	0.0000%	8h	111.62	−0.098%	$410K	$65K	25x	as long as short
OKX CSCO-USDT-SWAP	0.0000%	8h	111.58	−0.134%	$270K	$155K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.65	−0.072%	$305K	$7K	25x	as long as short
Bitget CSCOUSDT	0.0000%	8h	111.63	−0.090%	$330K	$77K	20x	as long as short
Variational Omni CSCO	0.0000%	8h	111.66	−0.062%	$39K	$8K	—	as long as short
GRVT CSCO_USDT_Perp	0.0000%	8h	111.65	−0.068%	$496	$185K	10x	as long as short
SunX CSCO-USDT	0.0000%	8h	111.68	−0.045%	$317	$1.3M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.68	−0.045%	$6K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CSCOUSDTlong	0.0000%	8h	111.73	long leg	$1.3M	$34K	10x
KuCoin CSCOUSDTM	+0.0100%	8h	111.40	−0.295%	$328K	$780K	20x	as long as short
Extended CSCO_24_5-USDshort	+0.0104%	1h	111.51	−0.197%	$232K	$2K	10x