Funding arb · Price arb /

B

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0780%/8h= +85.4% APRpaid last 24h +0.177%

Price spread now: Extended against Gate−0.118%7-day average +0.213% · you buy dearer than you sell

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$452as in the Price arb table

costs, in and out, $10k−$4194.186% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.361%+$36 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.118%, 7d avg +0.213%

Together, before fees+0.642%+ Points / potential airdropExtended: Active · farm board+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.330% cheaper against Gate than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.213%). If the spread goes back, that is −$33 on $10k: about 34 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.361% in total) that is about 6.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.361% in total (about 18.8% 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	Gate B_USDT	0.2033	0.0100	pay 0.0050% / 4h	1h 34m	$3.5M	$591K	20x
Short	Extended B-USD	0.2031	0.0880	get 0.0110% / 1h	34m 05s	$15K	$117K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.118%Rate

Funding earned: $163.8
Price spread: −0.118% → +0.213%: −$33.05
Slippage, 4 orders: −$398.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$287.86
Costs to cover: 4.186%
Break-even: 19.3 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 46 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 Gate live order book, 4 min ago	7.39 bp	148.5 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 46 min ago	10.13 bp	149.0 bp −$149	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_USDTlong	+0.0100%	4h	0.2033	long leg	$3.5M	$591K	20x
KuCoin BUSDTM	+0.0100%	4h	0.2034	+0.069%	$1.9M	$71K	10x	as long as short
Binance BUSDT	+0.0879%	4h	0.2032	−0.031%	$11.7M	$2.0M	20x	as long as short
Extended B-USDshort	+0.0880%	1h	0.2031	−0.118%	$15K	$117K	5x
MEXC B_USDT	+0.0880%	4h	0.2031	−0.098%	$976K	$347K	100x	as long as short
BloFin B-USDT	+0.0886%	4h	0.2033	0.000%	$596K	$39K	20x	as long as short
edgeX BUSDC	+0.0890%	4h	0.2033	−0.017%	$3K	$391K	5x	as long as short
Bybit BUSDT	+0.1026%	4h	0.2029	−0.182%	$1.8M	$961K	13x	as long as short
BingX B-USDT	+0.1134%	4h	0.2033	0.000%	—	$1.2M	—	as long as short
Bitget BUSDT	+0.1236%	4h	0.2032	−0.049%	$2.8M	$230K	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	+0.1378%	4h	0.2033	0.000%	$1.9M	$207K	5x	as long as short