Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.001%

Price spread now: Extended against BloFin−0.341%94s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.341% cheaper against BloFin than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 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 NOT-USDT	0.0005059	0.0154	pay 0.0077% / 4h	1h 03m	$111K	$16K	50x
Short	Extended kNOT-USD	0.0005042	0.0104	get 0.0013% / 1h	3m 35s	$4K	$491	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

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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.341%Rate

Funding earned: −$10.5
Price spread: −0.341% → 0.000%: −$34.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$61.59
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 32 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 BloFin live order book, 32 min ago	6.89 bp	19.0 bp −$19	73.5 bp −$735	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
Variational Omni NOT	−0.0463%	4h	0.0005052	−0.138%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0278%	4h	0.0005038	−0.415%	$464K	$128K	50x	as long as short
Bybit NOTUSDT	+0.0019%	4h	0.0005044	−0.297%	$2.1M	$852K	25x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.657%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005057	−0.045%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	+0.020%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005058	−0.028%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005051	−0.158%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005045	−0.277%	$633K	$644K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	−0.178%	$143K	$68K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005044	−0.297%	$1.3M	$442K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005046	−0.257%	$669K	$409K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005054	−0.099%	—	$723K	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005042	−0.341%	$4K	$491	5x
BloFin NOT-USDTlong	+0.0154%	4h	0.0005059	long leg	$111K	$16K	50x
Kraken Futures PF_NOTUSD	+0.1951%	1h	0.0005070	+0.215%	$49K	$9K	10x	as long as short