Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.127%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2112.114% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.127%, 7d avg −0.090%

Together, before fees+0.052%+$5 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: Bybit is 0.037% cheaper against Binance 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	Binance UBUSDT	0.1486	0.0100	pay 0.0050% / 4h	2h 32m	$3.2M	$16.9M	50x
Short	Bybit UBUSDT	0.1484	0.0100	get 0.0050% / 4h	2h 32m	$1.0M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.090%: −$3.66
Slippage, 4 orders: −$190.44
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.11
Costs to cover: 2.114%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 4 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 Binance live order book, 8 min ago	1.01 bp	24.8 bp −$25	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.08 bp	89.1 bp −$89	323.5 bp −$3,235	doesn't fit	doesn't fit

UB on 13 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
Binance UBUSDTlong	+0.0100%	4h	0.1486	long leg	$3.2M	$16.9M	50x
Bybit UBUSDTshort	+0.0100%	4h	0.1484	−0.127%	$1.0M	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1488	+0.122%	$1.4M	$15.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1482	−0.235%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1485	−0.026%	$625K	$721K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1482	−0.240%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1484	−0.141%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1488	+0.122%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1479	−0.442%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1479	−0.450%	$37K	$266K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1485	−0.060%	$16K	$229K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1485	−0.068%	$6K	$168K	5x	as long as short
Aster UBUSDT	+0.0595%	4h	0.1482	−0.261%	$402K	$191K	5x	as long as short