Funding arb · Price arb /

TEAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h —

Price spread now: Extended against Bybit−0.435%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 7 days—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 0.435% cheaper against Bybit than usual: you would sell low and buy high (spread −0.435% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 36 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 TEAMUSDT	196.29	0	get 0.0000% / 8h	2h 05m	$44K	$158K	25x
Short	Extended TEAM-USD	195.44	0.0040	get 0.0005% / 1h	5m 23s	—	—	5x

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 −0.435%Rate

Funding earned: $8.4
Price spread: −0.435% → 0.000%: −$43.51
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: −$51.11
Costs to cover: 0.160%
Break-even: 49.6 days

Slippage unknown: Bybit: live order book, 24 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, 24 min ago	8.18 bp	194.8 bp −$195	doesn't fit	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.

TEAM on 9 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
Binance TEAMUSDT	0.0000%	8h	196.18	−0.056%	$70K	$441K	20x	as long as short
Bybit TEAMUSDTlong	0.0000%	8h	196.29	long leg	$44K	$158K	25x
OKX TEAM-USDT-SWAP	0.0000%	8h	196.32	+0.015%	$14K	$436K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.11	−0.092%	$17K	$12K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.01	−0.143%	$52K	$107K	20x	as long as short
SunX TEAM-USDT	0.0000%	8h	196.12	−0.087%	—	$859K	10x	as long as short
HTX TEAM-USDT	0.0000%	8h	195.48	−0.413%	$6K	$323K	20x	as long as short
BloFin TEAM-USDT	+0.0019%	8h	195.98	−0.158%	$13K	$13K	20x	as long as short
Extended TEAM-USDshort	+0.0040%	1h	195.44	−0.435%	—	—	5x