Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h —

Price spread now: Bybit against Extended+0.085%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 Bybit

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

The price spread pays, funding is against you. Bybit is 0.085% dearer against Extended than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended COST-USD	902.30	0.0040	pay 0.0005% / 1h	16m 47s	—	—	10x
Short	Bybit COSTUSDT	903.07	0	get 0.0000% / 8h	7h 16m	$491K	$92K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$8.4
Price spread: +0.085% → 0.000%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 8 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 Bybit live order book, 8 min ago	8.15 bp	34.8 bp −$35	doesn't fit	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.

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	903.00	+0.078%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.37	+0.119%	$1.1M	$990K	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	903.07	+0.085%	$491K	$92K	25x
OKX COST-USDT-SWAP	0.0000%	8h	904.31	+0.223%	$442K	$121K	10x	as long as short
Gate COST_USDT	0.0000%	8h	903.11	+0.090%	$523K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	903.20	+0.100%	$411K	$81K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.88	+0.065%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	903.00	+0.078%	$1K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.71	+0.267%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.144%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USDlong	+0.0040%	1h	902.30	long leg	—	—	10x
Vest COST-USD-PERP	+0.0046%	1h	902.72	+0.047%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	903.09	+0.088%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0057%	1h	902.87	+0.063%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.40	+0.011%	$48K	$951K	20x	as long as short