Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Extended−0.268%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.290%+$29 · spread now −0.268%, 7d avg −0.024%

Together, before fees+0.282%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$28 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: edgeX is 0.244% cheaper against Extended than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.024%.

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	56m 56s	$962	$176K	5x
Short	edgeX UBUSDC	0.1488	0.0100	get 0.0050% / 4h	56m 56s	$38K	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.268%Rate

Funding earned: −$0.84
Price spread: −0.268% → −0.024%: −$24.44
Slippage, 4 orders: −$87.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$127.19
Costs to cover: 1.019%
Break-even: never at this rate

Slippage from Extended: live order book, 19 min ago; edgeX: live order book, 21 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, 19 min ago	0.17 bp	35.5 bp −$35	256.8 bp −$2,568	doesn't fit	doesn't fit
Sell edgeX live order book, 21 min ago	7.79 bp	16.3 bp −$16	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	+0.0097%	4h	0.1493	+0.089%	$162K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1493	+0.049%	$3.3M	$16.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1490	−0.117%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1490	−0.125%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1492	+0.015%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1493	+0.056%	$648K	$691K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1490	−0.110%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1492	+0.009%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1492	+0.022%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1483	−0.625%	$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 UBUSDCshort	+0.0100%	4h	0.1488	−0.268%	$38K	$260K	10x
HTX UB-USDT	+0.0100%	4h	0.1498	+0.417%	$16K	$190K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1492	long leg	$962	$176K	5x
Aster UBUSDT	+0.0684%	4h	0.1492	+0.009%	$405K	$204K	5x	as long as short