Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.055%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.055%, 7d avg −0.032%

Together, before fees−0.219%+ Points / potential airdropExtended: Active · farm board−$22 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 0.087% dearer against MEXC than usual: you sell high and buy low, +$9 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	MEXC BASED_USDT	0.06768	0.0100	pay 0.0050% / 4h	1h 34m	$4.8M	$645K	50x
Short	Extended BASED-USD	0.06772	0.0104	get 0.0013% / 1h	34m 24s	$5K	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0.84
Price spread: +0.055% → −0.032%: $8.7
Slippage, 4 orders: −$83.59
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$83.05
Costs to cover: 0.926%
Break-even: 699.1 days

Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 48 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 MEXC live order book, 3 min ago	2.21 bp	12.7 bp −$13	44.1 bp −$441	137.6 bp −$13.8K	684.2 bp −$342.1K
Sell Extended live order book, 48 min ago	1.70 bp	47.4 bp −$47	285.5 bp −$2,855	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	+0.0073%	4h	0.06771	+0.044%	$250K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06772	+0.059%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06765	−0.044%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06763	−0.074%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06772	+0.059%	$538K	$522K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06768	long leg	$4.8M	$645K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	+0.030%	$568K	$108K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06777	+0.133%	$1.3M	$362K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06771	+0.044%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06768	+0.003%	$93K	$22K	—	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	0.06730	−0.561%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06776	+0.118%	$1K	$801K	20x	as long as short
Extended BASED-USDshort	+0.0104%	1h	0.06772	+0.055%	$5K	$226K	5x
Aster BASEDUSDT	+0.0144%	4h	0.06772	+0.061%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0341%	4h	0.06780	+0.177%	$3K	$652	10x	as long as short