Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against MEXC−0.065%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.065%, 7d avg −0.087%

Together, before fees0.000%+ Points / potential airdropExtended: Active · farm board$0 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 0.022% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04023	0.0100	pay 0.0050% / 4h	1h 00m	$4.1M	$1.8M	200x
Short	Extended S-USD	0.04020	0.0104	get 0.0013% / 1h	0m 43s	$227K	$701K	10x

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 −0.065%Rate

Funding earned: $0.84
Price spread: −0.065% → −0.087%: $2.17
Slippage, 4 orders: −$70.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$76.36
Costs to cover: 0.794%
Break-even: 643.4 days

Slippage from MEXC: live order book, 2 min ago; Extended: 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 MEXC live order book, 2 min ago	2.48 bp	4.5 bp −$5	60.1 bp −$601	266.9 bp −$26.7K	doesn't fit
Sell Extended live order book, 12 min ago	3.70 bp	36.5 bp −$37	260.9 bp −$2,609	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.7536%	1h	0.03940	−2.063%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2396%	1h	0.04024	+0.021%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.541%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04028	+0.114%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04025	+0.040%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04028	+0.134%	$620	—	150x	as long as short
Variational Omni S	+0.0027%	4h	0.04018	−0.117%	$625K	$19K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.914%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04027	+0.099%	$100K	$588K	10x	as long as short
Lighter S	+0.0096%	1h	0.04028	+0.124%	$172K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04025	+0.057%	$1.0M	$579K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04026	+0.071%	$47K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04023	−0.010%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04018	−0.124%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04022	−0.025%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04024	+0.025%	$327K	$179K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04023	long leg	$4.1M	$1.8M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04019	−0.099%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04024	+0.025%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04022	−0.025%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04030	+0.174%	$23K	$487K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.04020	−0.065%	$227K	$701K	10x
BloFin S-USDT	+0.0340%	4h	0.04029	+0.149%	$278K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0744%	1h	0.04029	+0.149%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1760%	1h	0.04030	+0.174%	$117K	$426K	5x	as long as short