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

UB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0420%/8h= +46.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.094%
Price spread now: Aster against Bitget+0.130%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.244%+$24 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.130%, 7d avg −0.031%
Together, before fees+0.360%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.161% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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
LongBitget UBUSDT0.14570.0100pay 0.0050% / 4h57m 35s$2.3M$3.4M50x
ShortAster UBUSDT0.14590.0520get 0.0260% / 4h57m 35s$396K$175K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
$88.25
Price spread: +0.130% → −0.031%
$16.13
Slippage, 4 orders
−$95.4
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$11.03
Costs to cover
1.154%
Break-even
7.9 days
Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 65 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 Bitget live order book, 5 min ago4.13 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 65 min ago11.41 bp33.9 bp −$34doesn'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%4h0.1458+0.077%$3.0M$16.7M50xas long as short
Bybit UBUSDT+0.0100%4h0.1456−0.065%$965K$2.6M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1456−0.062%$1.3M$14.6M20xas long as short
Gate UB_USDT+0.0100%4h0.1456−0.096%$1.5M$3.4M25xas long as short
MEXC UB_USDT+0.0100%4h0.1457+0.041%$631K$669K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1456−0.089%$1.0M$1.2M20xas long as short
Bitget UBUSDTlong+0.0100%4h0.1457long leg$2.3M$3.4M50x
BingX UB-USDT+0.0100%4h0.1456−0.069%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1452−0.316%$157$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1454−0.193%$37K$269K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1463+0.398%$16K$254K20xas long as short
Extended UB-USD+0.0104%1h0.1457+0.016%$5K$174K5xas long as short
BloFin UB-USDT+0.0130%4h0.1456−0.041%$153K$936K50xas long as short
Aster UBUSDTshort+0.0520%4h0.1459+0.130%$396K$175K5x