Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX−0.748%73s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.053% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.588%+$59 · spread now −0.748%, 7d avg +0.011%

Together, before fees+0.596%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$60 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: Extended is 0.759% cheaper against edgeX than usual: you would sell low and buy high, −$76 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UBUSDC	0.1474	0.0100	pay 0.0050% / 4h	3h 40m	$37K	$274K	10x
Short	Extended UB-USD	0.1463	0.0104	get 0.0013% / 1h	40m 08s	$3K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.748%Rate

Funding earned: $0.84
Price spread: −0.748% → +0.011%: −$75.87
Slippage, 4 orders: −$91.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$180.35
Costs to cover: 1.053%
Break-even: 1509.9 days

Slippage from edgeX: live order book, 57 min ago; Extended: live order book, 56 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 edgeX live order book, 57 min ago	5.74 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	0.88 bp	40.4 bp −$40	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
KuCoin UBUSDTM	+0.0054%	4h	0.1461	−0.855%	$1.1M	$977K	20x	as long as short
BloFin UB-USDT	+0.0081%	4h	0.1465	−0.599%	$157K	$815K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1463	−0.721%	$3.0M	$14.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1463	−0.728%	$935K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1461	−0.863%	$1.3M	$11.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1461	−0.904%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1464	−0.707%	$649K	$616K	100x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1462	−0.809%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1462	−0.809%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1463	−0.764%	$418	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDClong	+0.0100%	4h	0.1474	long leg	$37K	$274K	10x
HTX UB-USDT	+0.0100%	4h	0.1464	−0.694%	$16K	$335K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1463	−0.748%	$3K	$225K	5x
Aster UBUSDT	+0.0167%	4h	0.1464	−0.705%	$397K	$113K	5x	as long as short