Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h +0.066%

Price spread now: Aster against Extended+0.128%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1351.352% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.128%, 7d avg +0.030%

Together, before fees+0.112%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Aster is 0.098% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1492	0.0104	pay 0.0013% / 1h	12m 02s	$962	$176K	5x
Short	Aster UBUSDT	0.1494	0.0631	get 0.0316% / 4h	12m 02s	$405K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.128%Rate

Funding earned: $110.73
Price spread: +0.128% → +0.030%: $9.76
Slippage, 4 orders: −$122.17
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.67
Costs to cover: 1.352%
Break-even: 7.9 days

Slippage from Extended: live order book, 64 min ago; Aster: live order book, 65 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 Extended live order book, 64 min ago	0.17 bp	35.5 bp −$35	256.8 bp −$2,568	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	11.16 bp	31.4 bp −$31	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
BloFin UB-USDT	+0.0056%	4h	0.1497	+0.309%	$163K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1492	−0.018%	$3.3M	$17.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1491	−0.059%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1491	−0.087%	$1.4M	$16.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1489	−0.221%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1492	+0.001%	$647K	$702K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1492	−0.037%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1493	+0.081%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1492	−0.006%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1486	−0.379%	$2K	$7K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1487	−0.342%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1493	+0.081%	$17K	$203K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1492	long leg	$962	$176K	5x
Aster UBUSDTshort	+0.0631%	4h	0.1494	+0.128%	$405K	$205K	5x