Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.144%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.144%, 7d avg +0.021%

Together, before fees−0.246%+ Points / potential airdropExtended: Active · farm board−$25 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 0.123% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06779	0.0100	pay 0.0050% / 4h	2h 54m	$538K	$543K	50x
Short	Extended BASED-USD	0.06789	0.0104	get 0.0013% / 1h	54m 02s	$4K	$199K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0.84
Price spread: +0.144% → +0.021%: $12.35
Slippage, 4 orders: −$110.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$117.78
Costs to cover: 1.310%
Break-even: 988.5 days

Slippage from Gate: live order book, 12 min ago; Extended: live order book, 13 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 Gate live order book, 12 min ago	7.27 bp	30.8 bp −$31	5089.3 bp −$50.9K	doesn't fit	doesn't fit
Sell Extended live order book, 13 min ago	1.31 bp	46.5 bp −$46	283.7 bp −$2,837	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	+0.0097%	4h	0.06812	+0.487%	$254K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06790	+0.167%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06786	+0.103%	$2.1M	$617K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06791	+0.177%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06779	long leg	$538K	$543K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06798	+0.280%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06790	+0.162%	$570K	$64K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06804	+0.369%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06788	+0.133%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06814	+0.523%	$94K	$18K	—	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	0.06849	+1.038%	$97K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06794	+0.221%	$1K	$854K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06789	+0.144%	$4K	$199K	5x
Orderly PERP_BASED_USDC	+0.0271%	4h	0.06791	+0.177%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0328%	4h	0.06792	+0.199%	$29K	$6K	5x	as long as short