Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.001%

Price spread now: BingX against Extended−0.070%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.070%, 7d avg −0.016%

Together, before fees+0.209%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.054% cheaper against Extended than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.016%). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.085% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% 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	0.1458	0.0104	pay 0.0013% / 1h	57m 42s	$938	$176K	5x
Short	BingX UB-USDT	0.1457	0.0320	get 0.0160% / 4h	2h 57m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $45.36
Price spread: −0.070% → −0.016%: −$5.36
Slippage, 4 orders: −$99.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.94
Costs to cover: 1.149%
Break-even: 18.6 days

Slippage from Extended: live order book, 28 min ago; BingX: live order book, 7 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, 28 min ago	0.03 bp	22.7 bp −$23	258.3 bp −$2,583	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	3.09 bp	26.7 bp −$27	101.1 bp −$1,011	886.7 bp −$88.7K	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	0.1458	+0.028%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1457	−0.047%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1456	−0.166%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1458	−0.022%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1458	+0.026%	$618K	$674K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1456	−0.113%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1457	−0.077%	$2.3M	$3.6M	50x	as long as short
Variational Omni UB	+0.0100%	4h	0.1454	−0.247%	$91	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1456	−0.123%	$37K	$259K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1459	+0.040%	$16K	$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	0.1458	long leg	$938	$176K	5x
BloFin UB-USDT	+0.0131%	4h	0.1461	+0.184%	$161K	$1.2M	50x	as long as short
BingX UB-USDTshort	+0.0320%	4h	0.1457	−0.070%	—	$2.7M	—
Aster UBUSDT	+0.0897%	4h	0.1459	+0.093%	$396K	$201K	5x	as long as short