Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0606%/8h= −66.3% APRnext payment $3.03 per $10,000 · paid last 24h −0.087%
Price spread now: Gate against Aster−0.163%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3203.201% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.261%−$26 on $10k
Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.163%, 7d avg −0.124%
Together, before fees−0.317%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.039% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.124%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.261% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $3.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster UBUSDT0.14710.0706pay 0.0353% / 4h1h 57m$399K$200K5x
ShortGate UB_USDT0.14690.0100get 0.0050% / 4h1h 57m$1.5M$3.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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

Funding earned
−$127.17
Price spread: −0.163% → −0.124%
−$3.95
Slippage, 4 orders
−$297.06
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$451.18
Costs to cover
3.201%
Break-even
never at this rate
Slippage from Aster: live order book, 25 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 25 min ago7.51 bp39.6 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 5 min ago10.59 bp101.1 bp −$101doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0067%4h0.1472+0.048%$160K$1.2M50xas long as short
Binance UBUSDT+0.0100%4h0.1475+0.246%$3.2M$16.5M50xas long as short
Bybit UBUSDT+0.0100%4h0.1473+0.116%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1473+0.116%$1.4M$16.1M20xas long as short
Gate UB_USDTshort+0.0100%4h0.1469−0.163%$1.5M$3.3M25x
MEXC UB_USDT+0.0100%4h0.1474+0.170%$665K$686K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1472+0.016%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1473+0.095%$2.4M$3.5M50xas long as short
BingX UB-USDT+0.0100%4h0.1472+0.007%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1466−0.354%$92$5Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1468−0.252%$37K$260K10xas long as short
HTX UB-USDT+0.0100%4h0.1473+0.088%$16K$176K20xas long as short
Extended UB-USD+0.0104%1h0.1475+0.275%$948$176K5xas long as short
Aster UBUSDTlong+0.0706%4h0.1471long leg$399K$200K5x