Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.085%

Price spread now: Extended against SunX−0.095%7-day average −0.198% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2462.462% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.725%−$73 · spread now −0.095%, 7d avg −0.198%

Together, before fees−0.494%+ Points / potential airdropExtended: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.103% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.198%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.1% 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	SunX BEAT-USDT	0.08875	0.0100	pay 0.0050% / 4h	24m 33s	$1K	$1.5M	20x
Short	Extended BEAT-USD	0.08867	0.0480	get 0.0060% / 1h	24m 33s	$5K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: $79.8
Price spread: −0.095% → −0.198%: $10.33
Slippage, 4 orders: −$233.19
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$156.06
Costs to cover: 2.462%
Break-even: 20.7 days

Slippage from SunX: live order book, 10 min ago; Extended: live order book, 32 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 SunX live order book, 10 min ago	35.23 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 32 min ago	6.29 bp	43.9 bp −$44	259.2 bp −$2,592	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	0.08857	−0.201%	$49K	$34K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08860	−0.169%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08833	−0.469%	$34K	$588	—	as long as short
SunX BEAT-USDTlong	+0.0100%	4h	0.08875	long leg	$1K	$1.5M	20x
KuCoin BEATUSDTM	+0.0274%	4h	0.08864	−0.124%	$2.4M	$1.2M	25x	as long as short
HTX BEAT-USDT	+0.0276%	4h	0.08874	−0.011%	$122K	$67K	20x	as long as short
Gate BEAT_USDT	+0.0351%	8h	0.08850	−0.282%	$3.3M	$2.1M	20x	as long as short
Bitget BEATUSDT	+0.0378%	4h	0.08870	−0.056%	$1.3M	$1.2M	10x	as long as short
BloFin BEAT-USDT	+0.0468%	4h	0.08880	+0.056%	$482K	$41K	10x	as long as short
MEXC BEAT_USDT	+0.0476%	4h	0.08860	−0.169%	$5.8M	$2.5M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USDshort	+0.0480%	1h	0.08867	−0.095%	$5K	$225K	5x
edgeX BEATUSDC	+0.0481%	4h	0.08834	−0.458%	$4K	$165K	10x	as long as short
Binance BEATUSDT	+0.0483%	4h	0.08868	−0.080%	$8.1M	$11.9M	10x	as long as short
BingX BEAT-USDT	+0.0704%	4h	0.08860	−0.169%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0737%	4h	0.08866	−0.101%	$4.1M	$11.4M	10x	as long as short