Funding arb · Price arb /

UB

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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 −0.010%

Price spread now: KuCoin against Bitget−0.157%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$381as in the Price arb table

costs, in and out, $10k−$3793.788% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.157%, 7d avg −0.132%

Together, before fees+0.177%+$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: KuCoin is 0.026% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1465	0.0100	pay 0.0050% / 4h	2h 35m	$2.4M	$3.5M	50x
Short	KuCoin UBUSDTM	0.1463	0.0100	get 0.0050% / 4h	2h 35m	$1.0M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.132%: −$2.56
Slippage, 4 orders: −$354.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$381.38
Costs to cover: 3.788%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: 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 Bitget live order book, 2 min ago	7.17 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	14.87 bp	105.5 bp −$106	836.2 bp −$8,362	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
Binance UBUSDT	+0.0100%	4h	0.1466	+0.090%	$3.2M	$16.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1465	−0.027%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1465	−0.014%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1463	−0.123%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1466	+0.089%	$670K	$698K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1463	−0.157%	$1.0M	$1.4M	20x
Bitget UBUSDTlong	+0.0100%	4h	0.1465	long leg	$2.4M	$3.5M	50x
BingX UB-USDT	+0.0100%	4h	0.1465	−0.007%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1469	+0.246%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1471	+0.406%	$37K	$258K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1465	+0.027%	$15K	$167K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1465	+0.008%	$945	$176K	5x	as long as short
BloFin UB-USDT	+0.0148%	4h	0.1467	+0.102%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0826%	4h	0.1465	−0.022%	$398K	$201K	5x	as long as short