Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended+0.125%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$990.993% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.305%+$30 · spread now +0.125%, 7d avg +0.060%

Together, before fees+0.290%+ Points / potential airdropExtended: Active · farm board+$29 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: Bitget is 0.065% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06719	0.0104	pay 0.0013% / 1h	56m 48s	$5K	$226K	5x
Short	Bitget BASEDUSDT	0.06727	0.0100	get 0.0050% / 4h	2h 56m	$1.3M	$362K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$0.84
Price spread: +0.125% → +0.060%: $6.45
Slippage, 4 orders: −$82.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.67
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; Bitget: live order book, 5 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, 30 min ago	1.34 bp	17.3 bp −$17	229.1 bp −$2,291	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.23 bp	25.2 bp −$25	84.8 bp −$848	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
Aster BASEDUSDT	+0.0100%	4h	0.06719	+0.005%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06720	+0.026%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06708	−0.158%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06714	−0.069%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06714	−0.069%	$534K	$507K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06719	+0.006%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06715	−0.054%	$566K	$109K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06727	+0.125%	$1.3M	$362K	25x
BingX BASED-USDT	+0.0100%	4h	0.06716	−0.039%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06718	−0.015%	$92K	$21K	—	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	0.06729	+0.154%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06713	−0.084%	$1K	$790K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06719	long leg	$5K	$226K	5x
BloFin BASED-USDT	+0.0133%	4h	0.06727	+0.125%	$211K	$37K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0239%	4h	0.06719	+0.006%	$3K	$745	10x	as long as short