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: SunX against Extended−0.176%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on SunX

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)−0.052%−$5 · spread now −0.176%, 7d avg −0.032%

Together, before fees−0.079%+ Points / potential airdropExtended: Active · farm board−$8 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: SunX is 0.145% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BASED-USD	0.06847	0.0104	pay 0.0013% / 1h	38m 44s	$1K	$199K	5x
Short	SunX BASED-USDT	0.06835	0.0100	get 0.0050% / 4h	1h 38m	$2K	$879K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$0.84
Price spread: −0.176% → −0.032%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.29
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 23 min ago; SunX: live order book, 63 min ago. Net counts fees only.

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, 23 min ago	0.87 bp	35.4 bp −$35	245.7 bp −$2,457	doesn't fit	doesn't fit
Sell SunX live order book, 63 min ago	501.50 bp	doesn't fit	doesn't fit	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	+0.0079%	4h	0.06843	−0.060%	$260K	$47K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06877	+0.437%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06865	+0.262%	$2.1M	$683K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06874	+0.393%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06846	−0.016%	$536K	$575K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06880	+0.481%	$4.9M	$611K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06855	+0.116%	$567K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06870	+0.335%	$1.3M	$379K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06864	+0.247%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06816	−0.459%	$94K	$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	0.06826	−0.305%	$96K	$368K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06835	−0.176%	$2K	$879K	20x
Extended BASED-USDlong	+0.0104%	1h	0.06847	long leg	$1K	$199K	5x
Aster BASEDUSDT	+0.0143%	4h	0.06840	−0.103%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0237%	4h	0.06837	−0.147%	$3K	$664	10x	as long as short