Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−0.129%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.129%, 7d avg −0.055%

Together, before fees+0.059%+ Points / potential airdropExtended: Active · farm board+$6 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: OKX is 0.074% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06855	0.0104	pay 0.0013% / 1h	49m 09s	$4K	$257K	5x
Short	OKX BASED-USDT-SWAP	0.06846	0.0100	get 0.0050% / 4h	3h 49m	$2.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$0.84
Price spread: −0.129% → −0.055%: −$7.4
Slippage, 4 orders: −$101.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$125.18
Costs to cover: 1.169%
Break-even: never at this rate

Slippage from Extended: live order book, 48 min ago; OKX: 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, 48 min ago	1.32 bp	28.0 bp −$28	237.3 bp −$2,373	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.65 bp	22.3 bp −$22	136.6 bp −$1,366	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	+0.0099%	4h	0.06858	+0.046%	$261K	$50K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06860	+0.081%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06855	+0.003%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06845	−0.143%	$2.1M	$679K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06846	−0.129%	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06851	−0.056%	$535K	$573K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06857	+0.032%	$4.9M	$464K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06860	+0.075%	$585K	$90K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06864	+0.134%	$1.3M	$313K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06852	−0.041%	—	$1.7M	—	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	0.06846	−0.131%	$94K	$10K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06865	+0.149%	$96K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06855	+0.002%	$1K	$890K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06855	long leg	$4K	$257K	5x
Orderly PERP_BASED_USDC	+0.0320%	4h	0.06855	+0.002%	$3K	$664	10x	as long as short