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

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0520%/8h= +57.0% APRnext payment +$2.60 per $10,000 · paid last 24h +0.106%
Price spread now: Aster against BingX+0.202%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1151.155% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.173%+$17 on $10k
Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.202%, 7d avg +0.049%
Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Aster is 0.153% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.049%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.60 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
LongBingX UB-USDT0.15020.0100pay 0.0050% / 4h3h 09m$2.7M
ShortAster UBUSDT0.15050.0620get 0.0310% / 4h3h 09m$408K$160K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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
$109.26
Price spread: +0.202% → +0.049%
$15.27
Slippage, 4 orders
−$97.46
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$9.07
Costs to cover
1.155%
Break-even
6.4 days
Slippage from BingX: live order book, 10 min ago; Aster: live order book, 43 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 BingX live order book, 10 min ago3.01 bp24.8 bp −$2597.6 bp −$976doesn't fitdoesn't fit
Sell Aster live order book, 43 min ago10.43 bp28.5 bp −$28doesn'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
Binance UBUSDT+0.0100%4h0.1503+0.087%$3.2M$16.0M50xas long as short
Bybit UBUSDT+0.0100%4h0.1502+0.006%$992K$2.5M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1502+0.007%$1.4M$14.2M20xas long as short
Gate UB_USDT+0.0100%4h0.1502−0.020%$1.5M$3.5M25xas long as short
MEXC UB_USDT+0.0100%4h0.1504+0.107%$724K$672K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1502+0.021%$1.1M$1.1M20xas long as short
Bitget UBUSDT+0.0100%4h0.1502−0.027%$2.4M$3.3M50xas long as short
BingX UB-USDTlong+0.0100%4h0.1502long leg$2.7M
Variational Omni UB+0.0100%4h0.1501−0.062%$428$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1506+0.240%$38K$268K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1505+0.200%$17K$283K20xas long as short
Extended UB-USD+0.0104%1h0.1505+0.209%$2K$172K5xas long as short
BloFin UB-USDT+0.0153%4h0.1507+0.340%$160K$864K50xas long as short
Aster UBUSDTshort+0.0620%4h0.1505+0.202%$408K$160K5x