Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005048	0.0100	pay 0.0050% / 4h	3h 01m	—	$735K	—
Short	Extended kNOT-USD	0.0005047	0.0104	get 0.0013% / 1h	1m 34s	$4K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.75
Costs to cover: 0.150%
Break-even: 138.2 days

Slippage unknown: BingX: live order book, 42 min ago; Extended: no order-book sample. Net counts fees only.

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 BingX live order book, 42 min ago	3.99 bp	162.4 bp −$162	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.447%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005059	+0.222%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.040%	$340K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005051	+0.053%	$14K	$3K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005050	+0.034%	$2.1M	$2.8M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005043	−0.099%	$2.1M	$810K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005050	+0.040%	$644K	$657K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	+0.040%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005048	0.000%	$1.4M	$464K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005044	−0.079%	$494K	$134K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDT	+0.0100%	4h	0.0005056	+0.158%	$679K	$480K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0005048	long leg	—	$735K	—
Variational Omni NOT	+0.0100%	4h	0.0005044	−0.076%	$72K	$38K	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005047	−0.016%	$4K	—	5x
BloFin NOT-USDT	+0.0130%	4h	0.0005056	+0.158%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1148%	1h	0.0005051	+0.063%	$49K	$5K	10x	as long as short