Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.009%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2132.132% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.009%, 7d avg −0.040%

Together, before fees−0.095%+ 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: BingX is 0.049% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended H-USD	0.06793	0.0104	pay 0.0013% / 1h	1m 44s	$9K	$208K	5x
Short	BingX H-USDT	0.06794	0.0100	get 0.0050% / 4h	3h 01m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.84
Price spread: +0.009% → −0.040%: $4.86
Slippage, 4 orders: −$198.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$209.21
Costs to cover: 2.132%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago	3.68 bp	78.2 bp −$78	548.9 bp −$5,489	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	3.69 bp	33.2 bp −$33	160.7 bp −$1,607	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	−7.999%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0084%	4h	0.06803	+0.141%	$583K	$103K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06791	−0.041%	$107K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06795	+0.028%	$14.4M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06788	−0.075%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06802	+0.127%	$1.7M	$6.2M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06789	−0.065%	$2.8M	$1.7M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06795	+0.023%	$6.0M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06796	+0.038%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06791	−0.035%	$1.7M	$413K	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-USDTshort	+0.0100%	4h	0.06794	+0.009%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06822	+0.426%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06808	+0.215%	$1.1M	$423K	10x	as long as short
Extended H-USDlong	+0.0104%	1h	0.06793	long leg	$9K	$208K	5x