Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against OKX−0.055%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2172.173% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.055%, 7d avg −0.020%

Together, before fees+0.313%+ Points / potential airdropExtended: Active · farm board+$31 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 0.035% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06885	0.0100	pay 0.0050% / 4h	2h 27m	$1.8M	$6.4M	10x
Short	Extended H-USD	0.06881	0.0104	get 0.0013% / 1h	27m 14s	$9K	$97K	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 −0.055%Rate

Funding earned: $0.84
Price spread: −0.055% → −0.020%: −$3.49
Slippage, 4 orders: −$202.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$219.98
Costs to cover: 2.173%
Break-even: 1840.2 days

Slippage from OKX: live order book, 6 min ago; Extended: live order book, 71 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, 6 min ago	0.73 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 71 min ago	2.94 bp	83.6 bp −$84	doesn't fit	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	−9.223%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06889	+0.056%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06883	−0.029%	$14.7M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06878	−0.109%	$7.6M	$4.9M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06885	long leg	$1.8M	$6.4M	10x
Gate H_USDT	+0.0100%	4h	0.06880	−0.073%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06885	0.000%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06884	−0.015%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06883	−0.029%	$1.7M	$447K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06886	+0.015%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06855	−0.429%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06878	−0.098%	$1.1M	$438K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06881	−0.055%	$9K	$97K	5x
BloFin H-USDT	+0.0131%	4h	0.06890	+0.073%	$588K	$112K	25x	as long as short