Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Extended+0.042%7-day average — · you sell dearer than you buy

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

Long on Extended Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Extended than usual: you sell high and buy low: +$4 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	Extended COST-USD	898.25	0.0040	pay 0.0005% / 1h	12m 57s	—	—	10x
Short	tradeXYZ xyz:COST	898.63	0.0050	get 0.0006% / 1h	12m 57s	$1.8M	$514K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Extended. 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 ExtendedbpFee tradeXYZbpOrdersPrice spread, now +0.042%Rate

Funding earned: $2.1
Price spread: +0.042% → 0.000%: $4.23
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$16.67
Costs to cover: 0.230%
Break-even: 62.6 days

Slippage unknown: Extended: no order-book sample; tradeXYZ: live order book, 5 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	1.17 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit

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.

COST 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
Aster COSTUSDT	0.0000%	8h	899.05	+0.089%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.17	+0.102%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.38	+0.126%	$444K	$107K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.12	+0.097%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.70	+0.050%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.00	−0.028%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	898.63	+0.042%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	898.62	+0.041%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.698%	$2K	$28K	12x	as long as short
Extended COST-USDlong	+0.0040%	1h	898.25	long leg	—	—	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.33	+0.009%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.63	+0.042%	$1.8M	$514K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.10	−0.017%	$48K	$869K	20x	as long as short
Variational Omni COST	+0.0160%	8h	898.71	+0.051%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0287%	8h	898.88	+0.070%	$1.1M	$934K	20x	as long as short