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: Gate against Extended−0.074%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1121.120% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.074%, 7d avg −0.018%

Together, before fees+0.319%+ Points / potential airdropExtended: Active · farm board+$32 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: Gate is 0.056% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06747	0.0104	pay 0.0013% / 1h	35m 59s	$5K	$226K	5x
Short	Gate BASED_USDT	0.06742	0.0100	get 0.0050% / 4h	2h 35m	$537K	$516K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.074%Rate

Funding earned: −$0.84
Price spread: −0.074% → −0.018%: −$5.63
Slippage, 4 orders: −$92.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$118.47
Costs to cover: 1.120%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Gate: live order book, 49 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, 51 min ago	1.34 bp	17.3 bp −$17	229.1 bp −$2,291	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	6.69 bp	32.0 bp −$32	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
Aster BASEDUSDT	+0.0100%	4h	0.06743	−0.066%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06745	−0.026%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06741	−0.089%	$2.1M	$573K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06739	−0.119%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06742	−0.074%	$537K	$516K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06744	−0.045%	$4.8M	$655K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06734	−0.193%	$561K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06751	+0.059%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06744	−0.045%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06722	−0.370%	$92K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06722	−0.366%	$92K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06741	−0.089%	$2K	$792K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06747	long leg	$5K	$226K	5x
BloFin BASED-USDT	+0.0135%	4h	0.06735	−0.178%	$210K	$37K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0279%	4h	0.06746	−0.015%	$3K	$652	10x	as long as short