Funding arb · Price arb /

B

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.179%

Price spread now: Gate against Extended−0.078%7-day average −0.210% · you buy dearer than you sell

Net, funding: paid 7d − costs−$388as in the Funding arb table

Net, price: spread back to 7d avg − costs−$338as in the Price arb table

costs, in and out, $10k−$3513.509% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.078%, 7d avg −0.210%

Together, before fees−0.445%+ Points / potential airdropExtended: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.131% dearer against Extended than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.210%): +$13 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.370% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.370% in total (about -19.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended B-USD	0.2036	0.0760	pay 0.0095% / 1h	1m 00s	$15K	$117K	5x
Short	Gate B_USDT	0.2034	0.0100	get 0.0050% / 4h	1m 00s	$3.5M	$601K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: −$138.6
Price spread: −0.078% → −0.210%: $13.14
Slippage, 4 orders: −$330.86
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$476.32
Costs to cover: 3.509%
Break-even: never at this rate

Slippage from Extended: live order book, 9 min ago; Gate: live order book, 2 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 Extended live order book, 9 min ago	7.63 bp	103.3 bp −$103	844.1 bp −$8,441	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	12.28 bp	88.5 bp −$88	doesn't fit	doesn't fit	doesn't fit

B on 11 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
Gate B_USDTshort	+0.0100%	4h	0.2034	−0.078%	$3.5M	$601K	20x
KuCoin BUSDTM	+0.0458%	4h	0.2034	−0.103%	$1.9M	$71K	10x	as long as short
BloFin B-USDT	+0.0727%	4h	0.2038	+0.118%	$596K	$39K	20x	as long as short
Extended B-USDlong	+0.0760%	1h	0.2036	long leg	$15K	$117K	5x
MEXC B_USDT	+0.0762%	4h	0.2036	+0.020%	$1.0M	$355K	100x	as long as short
Bybit BUSDT	+0.0764%	4h	0.2033	−0.108%	$1.7M	$966K	13x	as long as short
Binance BUSDT	+0.0764%	4h	0.2036	+0.020%	$11.7M	$2.0M	20x	as long as short
edgeX BUSDC	+0.0777%	4h	0.2036	+0.041%	$3K	$392K	5x	as long as short
BingX B-USDT	+0.1174%	4h	0.2035	−0.029%	—	$1.2M	—	as long as short
Bitget BUSDT	+0.1254%	4h	0.2035	−0.029%	$2.8M	$239K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BUSDT	+0.1489%	4h	0.2038	+0.128%	$1.9M	$211K	5x	as long as short