Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended+0.004%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1211.212% of the position

Long on Extended Short on Binance

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)+0.055%+$5 · spread now +0.004%, 7d avg +0.030%

Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 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: Binance is 0.026% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1459	0.0104	pay 0.0013% / 1h	57m 03s	$938	$176K	5x
Short	Binance UBUSDT	0.1459	0.0100	get 0.0050% / 4h	2h 57m	$3.2M	$16.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → +0.030%: −$2.63
Slippage, 4 orders: −$106.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$124.66
Costs to cover: 1.212%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; Binance: live order book, 14 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, 29 min ago	0.03 bp	22.7 bp −$23	258.3 bp −$2,583	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.71 bp	38.9 bp −$39	146.3 bp −$1,463	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 UBUSDTshort	+0.0100%	4h	0.1459	+0.004%	$3.2M	$16.5M	50x
Bybit UBUSDT	+0.0100%	4h	0.1457	−0.099%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1455	−0.222%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1457	−0.099%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1459	+0.004%	$618K	$674K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1456	−0.158%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1457	−0.119%	$2.3M	$3.6M	50x	as long as short
Variational Omni UB	+0.0100%	4h	0.1454	−0.289%	$91	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1460	+0.075%	$37K	$257K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1458	−0.030%	$15K	$161K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended UB-USDlong	+0.0104%	1h	0.1459	long leg	$938	$176K	5x
BloFin UB-USDT	+0.0138%	4h	0.1459	+0.025%	$160K	$1.2M	50x	as long as short
BingX UB-USDT	+0.0320%	4h	0.1457	−0.099%	—	$2.7M	—	as long as short
Aster UBUSDT	+0.0897%	4h	0.1460	+0.059%	$397K	$201K	5x	as long as short