Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
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 −0.025%
Price spread now: OKX against Bybit−0.060%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2102.101% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.060%, 7d avg −0.055%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UBUSDT0.14900.0100pay 0.0050% / 4h2h 28m$1.0M$2.6M20x
ShortOKX UB-USDT-SWAP0.14890.0100get 0.0050% / 4h2h 28m$1.4M$15.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.060% → −0.055%
−$0.5
Slippage, 4 orders
−$189.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$210.63
Costs to cover
2.101%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago6.69 bp65.1 bp −$65424.3 bp −$4,243doesn't fitdoesn't fit
Sell OKX live order book, just now1.34 bp23.4 bp −$23298.6 bp −$2,986doesn't fitdoesn't fit

UB on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UBUSDT+0.0100%4h0.1491+0.070%$3.2M$16.8M50xas long as short
Bybit UBUSDTlong+0.0100%4h0.1490long leg$1.0M$2.6M20x
OKX UB-USDT-SWAPshort+0.0100%4h0.1489−0.060%$1.4M$15.4M20x
Gate UB_USDT+0.0100%4h0.1491+0.047%$1.5M$3.5M25xas long as short
MEXC UB_USDT+0.0100%4h0.1492+0.128%$655K$727K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1490+0.014%$1.1M$1.3M20xas long as short
Bitget UBUSDT+0.0100%4h0.1492+0.101%$2.4M$3.4M50xas long as short
BingX UB-USDT+0.0100%4h0.1490+0.013%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1495+0.354%$61$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1497+0.430%$38K$267K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1493+0.174%$17K$231K20xas long as short
Extended UB-USD+0.0104%1h0.1492+0.097%$6K$165K5xas long as short
Aster UBUSDT+0.0635%4h0.1496+0.373%$406K$191K5xas long as short