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 −0.018%

Price spread now: OKX against edgeX−0.048%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

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

costs, in and out, $10k−$820.818% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.048%, 7d avg −0.103%

Together, before fees−0.153%+ Points / potential airdropedgeX: Active · farm board−$15 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: OKX is 0.055% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.103%.

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 21m	$38K	$270K	10x
Short	OKX UB-USDT-SWAP	0.1498	0.0100	get 0.0050% / 4h	2h 21m	$1.5M	$13.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.103%: $5.49
Slippage, 4 orders: −$62.84
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$76.35
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from edgeX: live order book, 27 min ago; OKX: 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 edgeX live order book, 27 min ago	5.98 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.67 bp	25.0 bp −$25	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	0.1499	+0.005%	$3.2M	$15.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1498	−0.048%	$972K	$2.4M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1498	−0.048%	$1.5M	$13.4M	20x
Gate UB_USDT	+0.0100%	4h	0.1498	−0.088%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1499	−0.008%	$696K	$666K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1499	−0.013%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1499	−0.028%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1499	−0.035%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	−0.538%	$425	$8K	—	as long as short
edgeX UBUSDClong	+0.0100%	4h	0.1499	long leg	$38K	$270K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1500	+0.072%	$16K	$294K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1499	−0.033%	$5K	$208K	5x	as long as short
BloFin UB-USDT	+0.0138%	4h	0.1499	−0.021%	$160K	$853K	50x	as long as short
Aster UBUSDT	+0.0578%	4h	0.1502	+0.179%	$408K	$138K	5x	as long as short