Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against edgeX−0.240%68s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$280as 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−$2842.843% of the position

Long on edgeX 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 4 days (all we have)+0.164%+$16 · spread now −0.240%, 7d avg −0.067%

Together, before fees+0.211%+ Points / potential airdropedgeX: Active · farm board+$21 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 0.173% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 68 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	0.1499	0.0100	pay 0.0050% / 4h	2h 16m	$38K	$270K	10x
Short	KuCoin UBUSDTM	0.1496	0.0100	get 0.0050% / 4h	2h 16m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.067%: −$17.32
Slippage, 4 orders: −$263.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$301.58
Costs to cover: 2.843%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; KuCoin: live order book, 4 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, 31 min ago	5.98 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	14.47 bp	94.4 bp −$94	831.2 bp −$8,312	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
BloFin UB-USDT	+0.0089%	4h	0.1499	−0.019%	$160K	$853K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1497	−0.146%	$3.1M	$15.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1495	−0.286%	$969K	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1496	−0.239%	$1.5M	$13.2M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1494	−0.332%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1497	−0.132%	$710K	$674K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1496	−0.240%	$1.1M	$1.1M	20x
Bitget UBUSDT	+0.0100%	4h	0.1498	−0.099%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1496	−0.226%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1498	−0.083%	$427	$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	0.1499	long leg	$38K	$270K	10x
HTX UB-USDT	+0.0100%	4h	0.1497	−0.166%	$16K	$295K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1496	−0.196%	$5K	$208K	5x	as long as short
Aster UBUSDT	+0.0586%	4h	0.1499	+0.005%	$407K	$134K	5x	as long as short