Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.004%

Price spread now: Extended against BloFin+0.020%54s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1711.705% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.537%−$54 · spread now +0.020%, 7d avg −0.056%

Together, before fees−0.539%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.076% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.056%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin H-USDT	0.06700	0.0076	pay 0.0038% / 4h	1h 06m	$585K	$96K	25x
Short	Extended H-USD	0.06701	0.0104	get 0.0013% / 1h	6m 10s	$9K	$208K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.020%Rate

Funding earned: $5.86
Price spread: +0.020% → −0.056%: $7.62
Slippage, 4 orders: −$153.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$157.04
Costs to cover: 1.705%
Break-even: 194.5 days

Slippage from BloFin: live order book, 38 min ago; Extended: live order book, 38 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 BloFin live order book, 38 min ago	0.74 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	2.23 bp	41.6 bp −$42	doesn't fit	doesn't fit	doesn't fit

H on 14 exchanges

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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−6.716%	$1K	$1	5.5x	as long as short
BloFin H-USDTlong	+0.0076%	4h	0.06700	long leg	$585K	$96K	25x
Aster HUSDT	+0.0100%	4h	0.06693	−0.101%	$105K	$56K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06706	+0.090%	$14.1M	$9.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06694	−0.094%	$7.3M	$5.0M	13x	as long as short
Gate H_USDT	+0.0100%	4h	0.06695	−0.075%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06704	+0.060%	$6.0M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06698	−0.030%	$1.5M	$10.2M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06704	+0.060%	$1.7M	$379K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06697	−0.045%	—	$2.7M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06736	+0.535%	$9K	$2K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06687	−0.194%	$1.1M	$393K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06701	+0.020%	$9K	$208K	5x
OKX H-USDT-SWAP	+0.0231%	4h	0.06710	+0.149%	$1.7M	$5.7M	10x	as long as short