Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended+0.042%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Binance

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended kNOT-USD	0.0005085	0.0104	pay 0.0013% / 1h	11m 44s	$4K	$491	5x
Short	Binance NOTUSDT	0.0005087	0.0100	get 0.0050% / 4h	1h 11m	$2.1M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → 0.000%: $4.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Binance: live order book, 9 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.97 bp	24.5 bp −$25	144.0 bp −$1,440	doesn't fit	doesn't fit

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	−0.0365%	4h	0.0005089	+0.072%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0268%	4h	0.0005077	−0.155%	$467K	$130K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.147%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0069%	4h	0.0005080	−0.096%	$2.1M	$858K	25x	as long as short
BloFin NOT-USDT	+0.0093%	4h	0.0005087	+0.042%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005097	+0.246%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	+0.101%	$371K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005089	+0.071%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005087	+0.042%	$2.1M	$3.1M	50x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005089	+0.081%	$637K	$655K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005085	+0.003%	$144K	$68K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005086	+0.022%	$1.3M	$441K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005091	+0.121%	$675K	$411K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005085	+0.003%	—	$724K	—	as long as short
Extended kNOT-USDlong	+0.0104%	1h	0.0005085	long leg	$4K	$491	5x
Kraken Futures PF_NOTUSD	+0.1930%	1h	0.0005127	+0.821%	$50K	$9K	10x	as long as short