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 OKX+0.084%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on OKX Short on Extended

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)−0.036%−$4 · spread now +0.084%, 7d avg +0.054%

Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 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 0.030% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BASED-USDT-SWAP	0.06775	0.0100	pay 0.0050% / 4h	2h 24m	$2.6M	$3.4M	20x
Short	Extended BASED-USD	0.06781	0.0104	get 0.0013% / 1h	24m 07s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0.84
Price spread: +0.084% → +0.054%: $2.98
Slippage, 4 orders: −$61.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.61
Costs to cover: 0.764%
Break-even: 612.1 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 63 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 OKX live order book, 3 min ago	0.74 bp	20.3 bp −$20	92.8 bp −$928	doesn't fit	doesn't fit
Sell Extended live order book, 63 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	+0.0060%	4h	0.06766	−0.133%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06780	+0.074%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06773	−0.030%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAPlong	+0.0100%	4h	0.06775	long leg	$2.6M	$3.4M	20x
Gate BASED_USDT	+0.0100%	4h	0.06779	+0.059%	$540K	$518K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06782	+0.103%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	−0.074%	$564K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06788	+0.192%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06777	+0.030%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06752	−0.343%	$92K	$22K	—	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	0.06724	−0.756%	$92K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06778	+0.044%	$1K	$795K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06781	+0.084%	$5K	$226K	5x
Aster BASEDUSDT	+0.0174%	4h	0.06776	+0.019%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0304%	4h	0.06782	+0.103%	$3K	$652	10x	as long as short