Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.067%

Price spread now: Extended against OKX−0.138%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

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

costs, in and out, $10k−$1081.082% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.138%, 7d avg −0.045%

Together, before fees−0.057%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.093% cheaper against OKX than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.045%). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BEAT-USDT-SWAP	0.08700	0.0279	pay 0.0139% / 4h	3h 28m	$4.2M	$10.1M	10x
Short	Extended BEAT-USD	0.08688	0.0392	get 0.0049% / 1h	28m 05s	$4K	$310K	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 −0.138%Rate

Funding earned: $23.83
Price spread: −0.138% → −0.045%: −$9.29
Slippage, 4 orders: −$93.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$93.69
Costs to cover: 1.082%
Break-even: 34.5 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 44 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, 5 min ago	0.58 bp	12.4 bp −$12	160.0 bp −$1,600	doesn't fit	doesn't fit
Sell Extended live order book, 44 min ago	6.36 bp	36.5 bp −$36	255.0 bp −$2,550	doesn't fit	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	0.08682	−0.210%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08691	−0.103%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08678	−0.257%	$33K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08703	+0.034%	$1K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0244%	4h	0.08704	+0.046%	$119K	$66K	20x	as long as short
OKX BEAT-USDT-SWAPlong	+0.0279%	4h	0.08700	long leg	$4.2M	$10.1M	10x
BloFin BEAT-USDT	+0.0376%	4h	0.08690	−0.115%	$486K	$49K	10x	as long as short
edgeX BEATUSDC	+0.0383%	4h	0.08685	−0.171%	$4K	$166K	10x	as long as short
MEXC BEAT_USDT	+0.0388%	4h	0.08690	−0.115%	$5.7M	$2.5M	100x	as long as short
Extended BEAT-USDshort	+0.0392%	1h	0.08688	−0.138%	$4K	$310K	5x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEATUSDT	+0.0394%	4h	0.08690	−0.115%	$8.2M	$10.9M	10x	as long as short
Gate BEAT_USDT	+0.0415%	8h	0.08680	−0.230%	$3.3M	$2.0M	20x	as long as short
BingX BEAT-USDT	+0.0446%	4h	0.08690	−0.115%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0480%	4h	0.08700	0.000%	$1.3M	$1.1M	10x	as long as short
KuCoin BEATUSDTM	+0.0732%	4h	0.08696	−0.046%	$2.5M	$1.1M	25x	as long as short