Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC−0.026%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	MEXC NOT_USDT	0.0005065	0.0100	pay 0.0050% / 4h	1h 55m	$1.3M	$437K	200x
Short	Extended kNOT-USD	0.0005064	0.0104	get 0.0013% / 1h	55m 09s	$4K	$491	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0.84
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.76
Costs to cover: 0.090%
Break-even: 96.7 days

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.97 bp	11.3 bp −$11	30.9 bp −$309	90.7 bp −$9,066	116.2 bp −$58.1K
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 15 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	−0.0259%	4h	0.0005078	+0.250%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0112%	4h	0.0005056	−0.178%	$463K	$130K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.771%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005079	+0.274%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.099%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005067	+0.041%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005068	+0.059%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005061	−0.079%	$2.1M	$859K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005066	+0.020%	$635K	$649K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005070	+0.099%	$143K	$67K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDTlong	+0.0100%	4h	0.0005065	long leg	$1.3M	$437K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005070	+0.099%	$672K	$409K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005065	0.000%	—	$8.9M	—	as long as short
Extended kNOT-USDshort	+0.0104%	1h	0.0005064	−0.026%	$4K	$491	5x
Kraken Futures PF_NOTUSD	+0.1942%	1h	0.0005095	+0.597%	$50K	$9K	10x	as long as short