Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance−0.095%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1081.075% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.095%, 7d avg −0.030%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBUSDT	0.1465	0.0100	pay 0.0050% / 4h	1h 50m	$3.2M	$16.5M	50x
Short	Extended UB-USD	0.1464	0.0104	get 0.0013% / 1h	50m 35s	$943	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0.84
Price spread: −0.095% → −0.030%: −$6.56
Slippage, 4 orders: −$92.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$113.26
Costs to cover: 1.075%
Break-even: 950.8 days

Slippage from Binance: live order book, 5 min ago; Extended: live order book, 31 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, 5 min ago	0.68 bp	26.4 bp −$26	183.4 bp −$1,834	doesn't fit	doesn't fit
Sell Extended live order book, 31 min ago	0.89 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit

UB on 14 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	0.1465	long leg	$3.2M	$16.5M	50x
Bybit UBUSDT	+0.0100%	4h	0.1464	−0.082%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1464	−0.073%	$1.3M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1463	−0.182%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1465	−0.025%	$643K	$691K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1464	−0.077%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1465	−0.032%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1463	−0.189%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1470	+0.325%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1469	+0.254%	$37K	$259K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1467	+0.132%	$15K	$178K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1464	−0.095%	$943	$176K	5x
BloFin UB-USDT	+0.0130%	4h	0.1468	+0.180%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0710%	4h	0.1467	+0.092%	$398K	$201K	5x	as long as short