Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.007%

Price spread now: BloFin against Extended+0.028%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.488%+$49 · spread now +0.028%, 7d avg +0.074%

Together, before fees+0.488%+ Points / potential airdropExtended: Active · farm board+$49 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: BloFin is 0.047% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06926	0.0104	pay 0.0013% / 1h	4m 24s	$11K	$107K	5x
Short	BloFin H-USDT	0.06928	0.0103	get 0.0051% / 4h	1h 04m	$586K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.22
Price spread: +0.028% → +0.074%: −$4.65
Slippage, 4 orders: −$140.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$161.97
Costs to cover: 1.571%
Break-even: never at this rate

Slippage from Extended: live order book, 11 min ago; BloFin: live order book, 12 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, 11 min ago	2.17 bp	63.5 bp −$64	526.2 bp −$5,262	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	2.89 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.761%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06933	+0.102%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06935	+0.136%	$14.9M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06926	−0.001%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06940	+0.201%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06930	+0.057%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06934	+0.114%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06929	+0.042%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06927	+0.013%	$1.7M	$447K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06932	+0.085%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06907	−0.282%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06933	+0.103%	$1.2M	$437K	10x	as long as short
BloFin H-USDTshort	+0.0103%	4h	0.06928	+0.028%	$586K	$115K	25x
Extended H-USDlong	+0.0104%	1h	0.06926	long leg	$11K	$107K	5x