Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Gate against Extended−0.200%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2602.599% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.200%, 7d avg −0.098%

Together, before fees+0.052%+ 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: Gate is 0.102% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.098%.

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	20m 36s	$6K	$177K	5x
Short	Gate UB_USDT	0.1489	0.0100	get 0.0050% / 4h	3h 20m	$1.5M	$3.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.200%Rate

Funding earned: −$0.84
Price spread: −0.200% → −0.098%: −$10.21
Slippage, 4 orders: −$239.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.99
Costs to cover: 2.599%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Gate: live order book, 2 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, 51 min ago	0.57 bp	39.6 bp −$40	254.0 bp −$2,540	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.41 bp	85.7 bp −$86	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
Binance UBUSDT	+0.0100%	4h	0.1492	−0.006%	$3.2M	$17.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1490	−0.173%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	−0.060%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1489	−0.200%	$1.5M	$3.5M	25x
MEXC UB_USDT	+0.0100%	4h	0.1493	+0.014%	$606K	$711K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1488	−0.303%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1493	+0.034%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1492	−0.026%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	−0.106%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1485	−0.510%	$38K	$264K	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	0.1495	+0.195%	$17K	$218K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1492	long leg	$6K	$177K	5x
BloFin UB-USDT	+0.0154%	4h	0.1492	−0.019%	$160K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0611%	4h	0.1494	+0.123%	$405K	$199K	5x	as long as short