Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.002%

Price spread now: BloFin against Extended+0.050%54s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1011.014% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.050%, 7d avg +0.052%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06824	0.0104	pay 0.0013% / 1h	0m 02s	$5K	$226K	5x
Short	BloFin BASED-USDT	0.06827	0.0119	get 0.0059% / 4h	0m 02s	$251K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $3.05
Price spread: +0.050% → +0.052%: −$0.18
Slippage, 4 orders: −$84.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$98.55
Costs to cover: 1.014%
Break-even: 233.5 days

Slippage from Extended: live order book, 12 min ago; BloFin: live order book, 6 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, 12 min ago	1.40 bp	28.7 bp −$29	242.8 bp −$2,428	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.94 bp	17.8 bp −$18	52.2 bp −$522	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
Binance BASEDUSDT	+0.0100%	4h	0.06826	+0.037%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06815	−0.126%	$2.1M	$594K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	−0.082%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06812	−0.170%	$542K	$545K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06825	+0.021%	$4.8M	$647K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06806	−0.258%	$570K	$62K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.021%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06822	−0.023%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06812	−0.176%	$93K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06800	−0.345%	$99K	$374K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06817	−0.097%	$1K	$833K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06824	long leg	$5K	$226K	5x
BloFin BASED-USDTshort	+0.0119%	4h	0.06827	+0.050%	$251K	$41K	25x
Aster BASEDUSDT	+0.0285%	4h	0.06819	−0.067%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06824	+0.006%	$3K	$652	10x	as long as short