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+0.0613%/8h= +67.1% APRnext payment +$3.06 per $10,000 · paid last 24h +0.067%
Price spread now: Aster against Binance+0.239%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.217%+$22 on $10k
Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.239%, 7d avg +0.001%
Together, before fees+0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Aster is 0.238% dearer against Binance than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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
LongBinance UBUSDT0.14740.0100pay 0.0050% / 4h1h 56m$3.2M$16.5M50x
ShortAster UBUSDT0.14770.0713get 0.0356% / 4h1h 56m$401K$201K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
$128.7
Price spread: +0.239% → +0.001%
$23.83
Slippage, 4 orders
−$119.36
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$15.17
Costs to cover
1.374%
Break-even
6.2 days
Slippage from Binance: live order book, 15 min ago; Aster: live order book, 26 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 Binance live order book, 15 min ago0.68 bp28.1 bp −$28195.9 bp −$1,959doesn't fitdoesn't fit
Sell Aster live order book, 26 min ago7.51 bp32.6 bp −$33doesn'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+0.0043%4h0.1477+0.244%$161K$1.2M50xas long as short
Binance UBUSDTlong+0.0100%4h0.1474long leg$3.2M$16.5M50x
Bybit UBUSDT+0.0100%4h0.1472−0.129%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1470−0.251%$1.4M$16.0M20xas long as short
Gate UB_USDT+0.0100%4h0.1472−0.082%$1.5M$3.3M25xas long as short
MEXC UB_USDT+0.0100%4h0.1473−0.055%$656K$688K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1473−0.038%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1471−0.204%$2.4M$3.6M50xas long as short
BingX UB-USDT+0.0100%4h0.1470−0.265%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1466−0.510%$92$5Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1470−0.240%$37K$258K10xas long as short
HTX UB-USDT+0.0100%4h0.1473−0.034%$16K$177K20xas long as short
Extended UB-USD+0.0104%1h0.1473−0.044%$953$176K5xas long as short
Aster UBUSDTshort+0.0713%4h0.1477+0.239%$401K$201K5x