Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against Bitget−0.404%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1781.780% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.335%+$34 · spread now −0.404%, 7d avg −0.153%

Together, before fees+0.289%+$29 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: Gate is 0.250% cheaper against Bitget than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1461	0.0100	pay 0.0050% / 4h	57m 09s	$2.3M	$3.4M	50x
Short	Gate UB_USDT	0.1456	0.0100	get 0.0050% / 4h	57m 09s	$1.5M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.404%Rate

Funding earned: $0
Price spread: −0.404% → −0.153%: −$25.05
Slippage, 4 orders: −$151
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$203.05
Costs to cover: 1.780%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 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	4.12 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.85 bp	66.6 bp −$67	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	+0.0055%	4h	0.1457	−0.287%	$151K	$934K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1461	−0.050%	$3.0M	$16.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1460	−0.112%	$968K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1460	−0.082%	$1.3M	$14.6M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1456	−0.404%	$1.5M	$3.4M	25x
MEXC UB_USDT	+0.0100%	4h	0.1460	−0.116%	$632K	$669K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1457	−0.310%	$1.0M	$1.2M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1461	long leg	$2.3M	$3.4M	50x
BingX UB-USDT	+0.0100%	4h	0.1459	−0.192%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1452	−0.623%	$157	$8K	—	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	0.1454	−0.500%	$37K	$269K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1463	+0.096%	$16K	$255K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1459	−0.181%	$5K	$174K	5x	as long as short
Aster UBUSDT	+0.0520%	4h	0.1459	−0.178%	$396K	$175K	5x	as long as short