Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX+0.400%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$1181.175% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.442%−$44 · spread now +0.400%, 7d avg +0.021%

Together, before fees−0.527%+ Points / potential airdropExtended: Active · farm board−$53 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 0.378% dearer against BingX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1495	0.0100	pay 0.0050% / 4h	2h 55m	—	$2.7M	—
Short	Extended UB-USD	0.1501	0.0104	get 0.0013% / 1h	55m 22s	$6K	$172K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.400%Rate

Funding earned: $0.84
Price spread: +0.400% → +0.021%: $37.83
Slippage, 4 orders: −$102.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$78.85
Costs to cover: 1.175%
Break-even: 664.1 days

Slippage from BingX: live order book, 9 min ago; Extended: live order book, 11 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, 9 min ago	2.32 bp	19.8 bp −$20	83.3 bp −$833	doesn't fit	doesn't fit
Sell Extended live order book, 11 min ago	0.56 bp	34.5 bp −$34	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
BloFin UB-USDT	+0.0049%	4h	0.1510	+1.003%	$163K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1497	+0.164%	$3.2M	$17.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1496	+0.064%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1495	−0.007%	$1.4M	$16.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1494	−0.047%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1497	+0.147%	$636K	$705K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1501	+0.393%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1493	−0.107%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1495	long leg	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1497	+0.152%	$2K	$7K	—	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	0.1511	+1.063%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1499	+0.248%	$16K	$225K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1501	+0.400%	$6K	$172K	5x
Aster UBUSDT	+0.0682%	4h	0.1502	+0.458%	$407K	$199K	5x	as long as short