Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−0.090%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.090%, 7d avg −0.054%

Together, before fees−0.003%+ Points / potential airdropExtended: Active · farm board$0 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: OKX is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06848	0.0104	pay 0.0013% / 1h	55m 29s	$3K	$227K	5x
Short	OKX BASED-USDT-SWAP	0.06842	0.0100	get 0.0050% / 4h	2h 55m	$2.7M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$0.84
Price spread: −0.090% → −0.054%: −$3.6
Slippage, 4 orders: −$103.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.46
Costs to cover: 1.180%
Break-even: never at this rate

Slippage from Extended: live order book, 56 min ago; OKX: 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, 56 min ago	1.17 bp	27.3 bp −$27	235.2 bp −$2,352	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.73 bp	26.4 bp −$26	136.6 bp −$1,366	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	+0.0096%	4h	0.06858	+0.144%	$262K	$49K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06848	−0.006%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06850	+0.027%	$4.2M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06844	−0.061%	$2.1M	$691K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06842	−0.090%	$2.7M	$3.9M	20x
Gate BASED_USDT	+0.0100%	4h	0.06847	−0.017%	$538K	$587K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06853	+0.071%	$4.9M	$530K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06865	+0.246%	$590K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06853	+0.071%	$1.3M	$374K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06850	+0.027%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06854	+0.082%	$94K	$14K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06865	+0.240%	$96K	$384K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06859	+0.158%	$2K	$912K	20x	as long as short
Extended BASED-USDlong	+0.0104%	1h	0.06848	long leg	$3K	$227K	5x
Orderly PERP_BASED_USDC	+0.0269%	4h	0.06868	+0.290%	$3K	$664	10x	as long as short