Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget+0.040%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Bitget 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)−0.185%−$19 · spread now +0.040%, 7d avg −0.066%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 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 0.106% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1467	0.0100	pay 0.0050% / 4h	3h 46m	$2.4M	$3.5M	50x
Short	Extended UB-USD	0.1468	0.0104	get 0.0013% / 1h	46m 45s	$945	$172K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BitgetbpFee ExtendedbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0.84
Price spread: +0.040% → −0.066%: $10.55
Slippage, 4 orders: −$104.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$110.04
Costs to cover: 1.214%
Break-even: 924.0 days

Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 24 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 Bitget live order book, 1 min ago	4.38 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	0.57 bp	27.7 bp −$28	261.6 bp −$2,616	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
Gate UB_USDT	−0.0684%	4h	0.1465	−0.157%	$1.5M	$3.4M	25x	as long as short
BloFin UB-USDT	+0.0049%	4h	0.1470	+0.198%	$161K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1467	−0.014%	$3.2M	$17.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1466	−0.043%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1464	−0.170%	$1.4M	$16.4M	20x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1467	+0.007%	$618K	$701K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1467	−0.007%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1467	long leg	$2.4M	$3.5M	50x
BingX UB-USDT	+0.0100%	4h	0.1466	−0.095%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1501	+2.302%	$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	0.1499	+2.198%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1468	+0.061%	$16K	$209K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1468	+0.040%	$945	$172K	5x
Aster UBUSDT	+0.0527%	4h	0.1468	+0.095%	$398K	$206K	5x	as long as short