Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.001%

Price spread now: Extended against BloFin+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.033% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOT-USDT	0.0005075	0.0093	pay 0.0047% / 4h	20m 33s	$111K	$16K	50x
Short	Extended kNOT-USD	0.0005077	0.0104	get 0.0013% / 1h	20m 33s	$4K	—	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

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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.033%Rate

Funding earned: $2.25
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.47
Costs to cover: 0.170%
Break-even: 42.8 days

Slippage unknown: BloFin: live order book, 8 min ago; Extended: no order-book sample. Net counts fees only.

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, 8 min ago	6.90 bp	21.6 bp −$22	62.7 bp −$627	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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
Variational Omni NOT	−0.0321%	4h	0.0005068	−0.137%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0206%	4h	0.0005071	−0.079%	$471K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.961%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTlong	+0.0093%	4h	0.0005075	long leg	$111K	$16K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005086	+0.221%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.099%	$360K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005078	+0.059%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005078	+0.057%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005075	0.000%	$2.1M	$854K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005078	+0.059%	$643K	$670K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005070	−0.099%	$141K	$70K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005078	+0.059%	$1.3M	$434K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005081	+0.118%	$674K	$415K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005079	+0.079%	—	$8.8M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005077	+0.033%	$4K	—	5x
Kraken Futures PF_NOTUSD	+0.1699%	1h	0.0005083	+0.161%	$50K	$8K	10x	as long as short