Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.049%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.049% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it 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	Gate NOT_USDT	0.0005120	0.0100	pay 0.0050% / 4h	3h 09m	$143K	$79K	50x
Short	Extended kNOT-USD	0.0005122	0.0104	get 0.0013% / 1h	9m 39s	$4K	$491	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0.84
Price spread: +0.049% → 0.000%: $4.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.31
Costs to cover: 0.200%
Break-even: 126.2 days

Slippage unknown: Gate: live order book, 56 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 Gate live order book, 56 min ago	6.86 bp	45.6 bp −$46	doesn't fit	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
Kraken Futures PF_NOTUSD	−0.0331%	1h	0.0005119	−0.016%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0124%	4h	0.0005117	−0.065%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.805%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0072%	4h	0.0005124	+0.078%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005134	+0.271%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005130	+0.195%	$375K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005123	+0.061%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005124	+0.076%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005117	−0.059%	$2.2M	$829K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005125	+0.098%	$636K	$616K	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_USDTlong	+0.0100%	4h	0.0005120	long leg	$143K	$79K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005123	+0.059%	$1.4M	$466K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005118	−0.039%	$467K	$135K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005125	+0.098%	$673K	$395K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005124	+0.078%	—	$8.9M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005122	+0.049%	$4K	$491	5x