Funding arb · Price arb /

UB

all UB markets

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 0.000%

Price spread now: Bitget against Bybit+0.208%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1871.867% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.208%, 7d avg +0.127%

Together, before fees−0.083%−$8 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: Bitget is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1490	0.0100	pay 0.0050% / 4h	3h 21m	$1.0M	$2.6M	20x
Short	Bitget UBUSDT	0.1493	0.0100	get 0.0050% / 4h	3h 21m	$2.4M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.127%: $8.07
Slippage, 4 orders: −$163.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$178.61
Costs to cover: 1.867%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 2 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 Bybit live order book, 1 min ago	3.69 bp	61.5 bp −$62	374.8 bp −$3,748	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.70 bp	17.2 bp −$17	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
Binance UBUSDT	+0.0100%	4h	0.1492	+0.121%	$3.2M	$17.6M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1490	long leg	$1.0M	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1490	+0.007%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1491	+0.060%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1493	+0.235%	$607K	$711K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1492	+0.116%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1493	+0.208%	$2.4M	$3.6M	50x
BingX UB-USDT	+0.0100%	4h	0.1493	+0.195%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	+0.067%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1485	−0.337%	$38K	$264K	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	0.1495	+0.369%	$17K	$218K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1492	+0.117%	$6K	$177K	5x	as long as short
BloFin UB-USDT	+0.0154%	4h	0.1492	+0.154%	$160K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0611%	4h	0.1495	+0.336%	$406K	$199K	5x	as long as short