Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.067%

Price spread now: Extended against OKX−0.111%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.111%, 7d avg −0.045%

Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.066% cheaper against OKX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.045%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BEAT-USDT-SWAP	0.08694	0.0275	pay 0.0137% / 4h	3h 31m	$4.2M	$10.1M	10x
Short	Extended BEAT-USD	0.08684	0.0384	get 0.0048% / 1h	31m 36s	$4K	$315K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $22.92
Price spread: −0.111% → −0.045%: −$6.55
Slippage, 4 orders: −$93.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.86
Costs to cover: 1.082%
Break-even: 35.1 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 40 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 OKX live order book, 2 min ago	0.58 bp	12.4 bp −$12	160.0 bp −$1,600	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	6.36 bp	36.5 bp −$36	255.0 bp −$2,550	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	0.08672	−0.258%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08683	−0.127%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08678	−0.182%	$33K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08694	0.000%	$1K	$1.4M	20x	as long as short
OKX BEAT-USDT-SWAPlong	+0.0275%	4h	0.08694	long leg	$4.2M	$10.1M	10x
HTX BEAT-USDT	+0.0329%	4h	0.08692	−0.023%	$119K	$67K	20x	as long as short
BloFin BEAT-USDT	+0.0356%	4h	0.08680	−0.161%	$486K	$49K	10x	as long as short
edgeX BEATUSDC	+0.0380%	4h	0.08684	−0.119%	$4K	$165K	10x	as long as short
MEXC BEAT_USDT	+0.0382%	4h	0.08680	−0.161%	$5.7M	$2.5M	100x	as long as short
Extended BEAT-USDshort	+0.0384%	1h	0.08684	−0.111%	$4K	$315K	5x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEATUSDT	+0.0387%	4h	0.08690	−0.051%	$8.2M	$10.9M	10x	as long as short
BingX BEAT-USDT	+0.0440%	4h	0.08690	−0.046%	—	$7.6M	—	as long as short
Gate BEAT_USDT	+0.0465%	8h	0.08670	−0.276%	$3.3M	$2.0M	20x	as long as short
Bitget BEATUSDT	+0.0472%	4h	0.08680	−0.161%	$1.3M	$1.1M	10x	as long as short
KuCoin BEATUSDTM	+0.0728%	4h	0.08681	−0.150%	$2.5M	$1.1M	25x	as long as short