Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Binance against Extended−0.018%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2092.094% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.018%, 7d avg +0.030%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$9 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: Binance is 0.048% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06917	0.0104	pay 0.0013% / 1h	9m 27s	$11K	$107K	5x
Short	Binance HUSDT	0.06916	0.0100	get 0.0050% / 4h	2h 09m	$14.9M	$10.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$0.84
Price spread: −0.018% → +0.030%: −$4.82
Slippage, 4 orders: −$194.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$215.03
Costs to cover: 2.094%
Break-even: never at this rate

Slippage from Extended: live order book, 11 min ago; Binance: live order book, 16 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 Extended live order book, 11 min ago	2.13 bp	82.7 bp −$83	534.9 bp −$5,349	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.71 bp	41.1 bp −$41	234.0 bp −$2,340	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.644%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0070%	4h	0.06928	+0.158%	$595K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06908	−0.138%	$116K	$48K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06916	−0.018%	$14.9M	$10.4M	10x
Bybit HUSDT	+0.0100%	4h	0.06903	−0.205%	$7.5M	$4.5M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06916	−0.015%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06905	−0.174%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06915	−0.030%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06909	−0.117%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06900	−0.247%	$1.7M	$454K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06912	−0.073%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06913	−0.054%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06926	+0.128%	$1.1M	$469K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06917	long leg	$11K	$107K	5x