Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX+0.072%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.441%−$44 · spread now +0.072%, 7d avg +0.027%

Together, before fees−0.456%+ Points / potential airdropExtended: Active · farm board−$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.046% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06871	0.0100	pay 0.0050% / 4h	1h 16m	—	$1.7M	—
Short	Extended BASED-USD	0.06876	0.0104	get 0.0013% / 1h	16m 12s	$1K	$199K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0.84
Price spread: +0.072% → +0.027%: $4.58
Slippage, 4 orders: −$105.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$114.96
Costs to cover: 1.204%
Break-even: 965.0 days

Slippage from BingX: live order book, 6 min ago; Extended: live order book, 45 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 BingX live order book, 6 min ago	5.81 bp	24.6 bp −$25	88.2 bp −$882	doesn't fit	doesn't fit
Sell Extended live order book, 45 min ago	0.87 bp	31.6 bp −$32	256.3 bp −$2,563	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0075%	4h	0.06887	+0.233%	$262K	$48K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06876	+0.073%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06864	−0.102%	$2.1M	$682K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06870	−0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06871	0.000%	$537K	$585K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06875	+0.058%	$4.9M	$613K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06864	−0.102%	$573K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06882	+0.160%	$1.3M	$371K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06871	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06873	+0.032%	$95K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	−0.596%	$95K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06871	0.000%	$2K	$882K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06876	+0.072%	$1K	$199K	5x
Aster BASEDUSDT	+0.0127%	4h	0.06876	+0.078%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0236%	4h	0.06876	+0.073%	$3K	$664	10x	as long as short