Funding arb · Price arb /

S

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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 +0.002%

Price spread now: Extended against MEXC−0.131%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.131%, 7d avg −0.090%

Together, before fees+0.086%+ 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: Extended is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04415	0.0100	pay 0.0050% / 4h	3h 26m	$4.6M	$2.4M	200x
Short	Extended S-USD	0.04409	0.0104	get 0.0013% / 1h	26m 39s	$244K	$1.3M	10x

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

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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0.84
Price spread: −0.131% → −0.090%: −$4.05
Slippage, 4 orders: −$74.85
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$87.06
Costs to cover: 0.838%
Break-even: 732.5 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 2 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 MEXC live order book, 5 min ago	2.32 bp	4.6 bp −$5	62.5 bp −$625	266.4 bp −$26.6K	doesn't fit
Sell Extended live order book, 2 min ago	4.59 bp	36.3 bp −$36	270.3 bp −$2,703	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.2864%	1h	0.04500	+1.925%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2584%	1h	0.04391	−0.544%	$37K	$22K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−2.424%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04382	−0.745%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04376	−0.877%	$4	—	15x	as long as short
Variational Omni S	−0.0096%	4h	0.04314	−2.292%	$668K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04361	−1.213%	$672	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−7.135%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0070%	4h	0.04383	−0.725%	$109K	$637K	10x	as long as short
Lighter S	+0.0096%	1h	0.04420	+0.113%	$189K	$100K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04419	+0.086%	$1.1M	$744K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04419	+0.083%	$48K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04416	+0.018%	$6.5M	$17.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04410	−0.113%	$6.3M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04410	−0.113%	$1.2M	$5.1M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04411	−0.091%	$375K	$231K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04415	long leg	$4.6M	$2.4M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04416	+0.023%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04416	+0.023%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04413	−0.045%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04310	−2.378%	$25K	$512K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.04409	−0.131%	$244K	$1.3M	10x
BloFin S-USDT	+0.0340%	4h	0.04412	−0.068%	$314K	$119K	75x	as long as short
Backpack S_USDC_PERP	+0.0519%	1h	0.04420	+0.113%	$104K	$474K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0890%	1h	0.04389	−0.589%	$74K	$11K	10x	as long as short