Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.158%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.158%, 7d avg −0.059%

Together, before fees−0.016%+ Points / potential airdropExtended: Active · farm board−$2 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: Extended is 0.100% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06728	0.0100	pay 0.0050% / 4h	2h 47m	$1.3M	$358K	25x
Short	Extended BASED-USD	0.06717	0.0104	get 0.0013% / 1h	47m 39s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0.84
Price spread: −0.158% → −0.059%: −$9.96
Slippage, 4 orders: −$78.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$104.75
Costs to cover: 0.956%
Break-even: 879.9 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 39 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 Bitget live order book, 4 min ago	2.23 bp	18.2 bp −$18	93.7 bp −$937	doesn't fit	doesn't fit
Sell Extended live order book, 39 min ago	1.34 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0057%	4h	0.06724	−0.059%	$210K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06721	−0.099%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06718	−0.149%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06712	−0.238%	$2.1M	$571K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06711	−0.253%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06719	−0.134%	$534K	$511K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06719	−0.134%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06714	−0.208%	$560K	$111K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06728	long leg	$1.3M	$358K	25x
BingX BASED-USDT	+0.0100%	4h	0.06715	−0.193%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06704	−0.356%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	−0.119%	$92K	$388K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06722	−0.089%	$2K	$787K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06717	−0.158%	$5K	$226K	5x
Orderly PERP_BASED_USDC	+0.0268%	4h	0.06722	−0.089%	$3K	$652	10x	as long as short