Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.007%

Price spread now: Extended against BloFin+0.276%194s7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as 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−$1341.338% of the position

Long on BloFin Short on Extended

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)−0.580%−$58 · spread now +0.276%, 7d avg −0.106%

Together, before fees−0.562%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.382% dearer against BloFin than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of −0.106%): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 194 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	BloFin BEAT-USDT	0.08720	0.0451	pay 0.0226% / 4h	2h 45m	$490K	$45K	10x
Short	Extended BEAT-USD	0.08744	0.0432	get 0.0054% / 1h	45m 46s	$5K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$4
Price spread: +0.276% → −0.106%: $38.23
Slippage, 4 orders: −$116.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$99.57
Costs to cover: 1.338%
Break-even: never at this rate

Slippage from BloFin: live order book, 20 min ago; Extended: live order book, 21 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 BloFin live order book, 20 min ago	11.31 bp	17.3 bp −$17	60.7 bp −$607	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	7.36 bp	42.1 bp −$42	252.2 bp −$2,522	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.08730	+0.112%	$48K	$32K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08737	+0.195%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08722	+0.019%	$33K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08742	+0.252%	$1K	$1.4M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0239%	4h	0.08747	+0.310%	$4.1M	$10.6M	10x	as long as short
HTX BEAT-USDT	+0.0243%	4h	0.08734	+0.161%	$120K	$67K	20x	as long as short
Binance BEATUSDT	+0.0431%	4h	0.08746	+0.302%	$8.1M	$11.4M	10x	as long as short
Extended BEAT-USDshort	+0.0432%	1h	0.08744	+0.276%	$5K	$225K	5x
MEXC BEAT_USDT	+0.0436%	4h	0.08740	+0.229%	$5.7M	$2.5M	100x	as long as short
edgeX BEATUSDC	+0.0445%	4h	0.08729	+0.108%	$4K	$166K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BEAT-USDTlong	+0.0451%	4h	0.08720	long leg	$490K	$45K	10x
BingX BEAT-USDT	+0.0500%	4h	0.08740	+0.229%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0514%	4h	0.08750	+0.344%	$1.3M	$1.2M	10x	as long as short
KuCoin BEATUSDTM	+0.0532%	4h	0.08736	+0.183%	$2.4M	$1.2M	25x	as long as short
Gate BEAT_USDT	+0.0575%	8h	0.08720	0.000%	$3.2M	$2.0M	20x	as long as short