Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against MEXC+0.007%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1681.683% of the position

Long on MEXC 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)−0.038%−$4 · spread now +0.007%, 7d avg −0.036%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 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: Extended is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06890	0.0100	pay 0.0050% / 4h	1h 47m	$6.2M	$1.1M	20x
Short	Extended H-USD	0.06891	0.0104	get 0.0013% / 1h	47m 44s	$11K	$107K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → −0.036%: $4.34
Slippage, 4 orders: −$159.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$163.15
Costs to cover: 1.683%
Break-even: 1366.5 days

Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago	2.18 bp	11.3 bp −$11	56.9 bp −$569	130.2 bp −$13.0K	doesn't fit
Sell Extended live order book, 32 min ago	2.13 bp	62.9 bp −$63	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	−9.289%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06883	−0.096%	$114K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06888	−0.023%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06887	−0.041%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06903	+0.189%	$1.7M	$5.8M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06892	+0.029%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06890	long leg	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06879	−0.160%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06879	−0.160%	$1.7M	$458K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06901	+0.160%	—	$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	0.06873	−0.248%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06882	−0.116%	$1.1M	$455K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06891	+0.007%	$11K	$107K	5x
BloFin H-USDT	+0.0147%	4h	0.06870	−0.290%	$581K	$115K	25x	as long as short