Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: Bybit against BingX−0.099%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2482.479% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.099%, 7d avg −0.041%

Together, before fees+0.016%+$2 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 0.057% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1459	0.0100	pay 0.0050% / 4h	2h 17m	—	$2.7M	—
Short	Bybit UBUSDT	0.1458	0.0100	get 0.0050% / 4h	2h 17m	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.041%: −$5.74
Slippage, 4 orders: −$226.9
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$253.64
Costs to cover: 2.479%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 5 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 BingX live order book, 2 min ago	4.80 bp	37.4 bp −$37	140.7 bp −$1,407	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.08 bp	87.5 bp −$87	489.6 bp −$4,896	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
BloFin UB-USDT	+0.0099%	4h	0.1460	+0.014%	$158K	$1.2M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1460	+0.075%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1458	−0.099%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1459	−0.055%	$1.3M	$15.9M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1458	−0.082%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1461	+0.075%	$656K	$702K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1460	+0.058%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1459	−0.007%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1459	long leg	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1461	+0.114%	$91	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1461	+0.128%	$37K	$259K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1461	+0.096%	$15K	$172K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1461	+0.081%	$943	$176K	5x	as long as short
Aster UBUSDT	+0.0736%	4h	0.1461	+0.136%	$397K	$202K	5x	as long as short