Funding arb · Price arb /

UB

all UB markets

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 0.000%

Price spread now: MEXC against Bitget+0.116%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.116%, 7d avg −0.043%

Together, before fees−0.142%−$14 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: MEXC is 0.159% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1469	0.0100	pay 0.0050% / 4h	2h 39m	$2.4M	$3.6M	50x
Short	MEXC UB_USDT	0.1471	0.0100	get 0.0050% / 4h	2h 39m	$680K	$692K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → −0.043%: $15.86
Slippage, 4 orders: −$72.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$76.18
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 44 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, 3 min ago	7.14 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 44 min ago	0.69 bp	14.2 bp −$14	70.5 bp −$705	245.9 bp −$24.6K	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	0.1471	+0.101%	$3.2M	$16.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1469	−0.027%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1469	+0.007%	$1.4M	$16.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1469	0.000%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1471	+0.116%	$680K	$692K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1469	−0.006%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1469	long leg	$2.4M	$3.6M	50x
BingX UB-USDT	+0.0100%	4h	0.1470	+0.068%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1469	−0.040%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1472	+0.158%	$37K	$257K	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	0.1471	+0.143%	$16K	$166K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1470	+0.088%	$945	$176K	5x	as long as short
BloFin UB-USDT	+0.0150%	4h	0.1471	+0.150%	$161K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0880%	4h	0.1472	+0.191%	$400K	$201K	5x	as long as short