Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.005%

Price spread now: BingX against Extended−0.066%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1221.221% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.066%, 7d avg +0.010%

Together, before fees+0.335%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.076% cheaper against Extended than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.010%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.135% in total) that is about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.135% in total (about 7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BEAT-USD	0.08866	0.0480	pay 0.0060% / 1h	21m 07s	$5K	$225K	5x
Short	BingX BEAT-USDT	0.08860	0.0696	get 0.0348% / 4h	21m 07s	—	$7.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $45.36
Price spread: −0.066% → +0.010%: −$7.6
Slippage, 4 orders: −$107.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.3
Costs to cover: 1.221%
Break-even: 20.0 days

Slippage from Extended: live order book, 36 min ago; BingX: live order book, 2 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, 36 min ago	6.29 bp	39.1 bp −$39	241.8 bp −$2,418	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	11.29 bp	16.3 bp −$16	29.5 bp −$295	278.7 bp −$27.9K	doesn't fit

BEAT 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 BEATUSDT	+0.0100%	4h	0.08860	−0.066%	$49K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08862	−0.043%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08833	−0.366%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08876	+0.115%	$1K	$1.5M	20x	as long as short
KuCoin BEATUSDTM	+0.0260%	4h	0.08855	−0.122%	$2.4M	$1.2M	25x	as long as short
HTX BEAT-USDT	+0.0271%	4h	0.08843	−0.257%	$121K	$67K	20x	as long as short
Gate BEAT_USDT	+0.0350%	8h	0.08860	−0.066%	$3.3M	$2.1M	20x	as long as short
Bitget BEATUSDT	+0.0364%	4h	0.08870	+0.047%	$1.3M	$1.2M	10x	as long as short
Binance BEATUSDT	+0.0480%	4h	0.08866	−0.003%	$8.1M	$11.9M	10x	as long as short
Extended BEAT-USDlong	+0.0480%	1h	0.08866	long leg	$5K	$225K	5x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BEAT_USDT	+0.0480%	4h	0.08860	−0.066%	$5.8M	$2.5M	100x	as long as short
edgeX BEATUSDC	+0.0483%	4h	0.08860	−0.061%	$4K	$165K	10x	as long as short
BloFin BEAT-USDT	+0.0494%	4h	0.08860	−0.066%	$481K	$41K	10x	as long as short
BingX BEAT-USDTshort	+0.0696%	4h	0.08860	−0.066%	—	$7.6M	—
OKX BEAT-USDT-SWAP	+0.0732%	4h	0.08869	+0.036%	$4.1M	$11.4M	10x	as long as short