Funding arb · Price arb /

TEAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h —

Price spread now: Extended against Bybit−0.298%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days—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 pays, the price is against you. Extended is 0.298% cheaper against Bybit than usual: you would sell low and buy high (spread −0.298% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 25 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TEAMUSDT	196.02	0	get 0.0000% / 8h	7h 04m	$45K	$166K	25x
Short	Extended TEAM-USD	195.44	0.0040	get 0.0005% / 1h	4m 21s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.298%Rate

Funding earned: $8.4
Price spread: −0.298% → 0.000%: −$29.8
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.4
Costs to cover: 0.160%
Break-even: 38.2 days

Slippage unknown: Bybit: live order book, 51 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 Bybit live order book, 51 min ago	4.09 bp	108.7 bp −$109	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.

TEAM on 9 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
Bybit TEAMUSDTlong	0.0000%	8h	196.02	long leg	$45K	$166K	25x
OKX TEAM-USDT-SWAP	0.0000%	8h	195.74	−0.143%	$23K	$408K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.14	+0.061%	$16K	$7K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.14	+0.061%	$53K	$120K	20x	as long as short
SunX TEAM-USDT	0.0000%	8h	196.26	+0.122%	—	$823K	10x	as long as short
HTX TEAM-USDT	0.0000%	8h	196.21	+0.097%	$6K	$329K	20x	as long as short
Extended TEAM-USDshort	+0.0040%	1h	195.44	−0.298%	—	—	5x
Binance TEAMUSDT	+0.0185%	8h	196.11	+0.046%	$72K	$455K	20x	as long as short
BloFin TEAM-USDT	+0.0210%	8h	196.12	+0.051%	$13K	$10K	20x	as long as short