Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h 0.000%

Price spread now: BloFin against Extended−0.196%94s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as 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−$1031.031% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.196%, 7d avg +0.021%

Together, before fees+0.191%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.217% cheaper against Extended than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.021%). If the spread goes back, that is −$22 on $10k: about 27 days of funding at the current rate (+$1 a day). The two prices were read 94 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	Extended UB-USD	0.1507	0.0104	pay 0.0013% / 1h	3m 26s	$972	$176K	5x
Short	BloFin UB-USDT	0.1504	0.0131	get 0.0065% / 4h	3m 26s	$162K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.196%Rate

Funding earned: $5.63
Price spread: −0.196% → +0.021%: −$21.73
Slippage, 4 orders: −$86.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$119.17
Costs to cover: 1.031%
Break-even: 155.1 days

Slippage from Extended: live order book, 8 min ago; BloFin: 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 Extended live order book, 8 min ago	0.57 bp	39.6 bp −$40	254.0 bp −$2,540	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.98 bp	15.8 bp −$16	44.2 bp −$442	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	0.1507	+0.006%	$3.3M	$17.1M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1506	−0.089%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1503	−0.295%	$1.4M	$16.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1505	−0.176%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1508	+0.023%	$655K	$715K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1507	−0.055%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1505	−0.156%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1505	−0.130%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1502	−0.345%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1504	−0.226%	$38K	$263K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1510	+0.189%	$17K	$205K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1507	long leg	$972	$176K	5x
BloFin UB-USDTshort	+0.0131%	4h	0.1504	−0.196%	$162K	$1.1M	50x
Aster UBUSDT	+0.0653%	4h	0.1511	+0.238%	$410K	$206K	5x	as long as short