Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h —

Price spread now: Extended against Bybit−0.514%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Extended is 0.514% cheaper against Bybit than usual: you would sell low and buy high (spread −0.514% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$51 on $10k: about 43 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.89	0	get 0.0000% / 8h	1h 39m	$491K	$220K	25x
Short	Extended COST-USD	898.25	0.0040	get 0.0005% / 1h	39m 54s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.514%Rate

Funding earned: $8.4
Price spread: −0.514% → 0.000%: −$51.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.99
Costs to cover: 0.160%
Break-even: 56.2 days

Slippage unknown: Bybit: live order book, 60 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 Bybit live order book, 60 min ago	9.53 bp	19.9 bp −$20	21.0 bp −$210	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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.80	−0.010%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.64	−0.028%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.89	long leg	$491K	$220K	25x
OKX COST-USDT-SWAP	0.0000%	8h	902.52	−0.041%	$442K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.43	−0.051%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.61	−0.031%	$401K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.47	−0.047%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.80	−0.121%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.86	+0.107%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.28	−0.068%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.208%	$2K	$28K	12x	as long as short
Extended COST-USDshort	+0.0040%	1h	898.25	−0.514%	—	—	10x
Vest COST-USD-PERP	+0.0046%	1h	902.28	−0.068%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.98	−0.101%	$1.8M	$519K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.50	−0.154%	$48K	$901K	20x	as long as short