Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: OKX against Extended+0.022%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.022%, 7d avg −0.112%

Together, before fees−0.108%+ Points / potential airdropExtended: Active · farm board−$11 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: OKX is 0.134% dearer against Extended than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1497	0.0104	pay 0.0013% / 1h	22m 30s	$5K	$208K	5x
Short	OKX UB-USDT-SWAP	0.1497	0.0100	get 0.0050% / 4h	2h 22m	$1.5M	$13.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.84
Price spread: +0.022% → −0.112%: $13.43
Slippage, 4 orders: −$91.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$94.06
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; OKX: live order book, 1 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, 24 min ago	0.60 bp	33.4 bp −$33	301.6 bp −$3,016	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.67 bp	25.0 bp −$25	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	+0.0090%	4h	0.1498	+0.109%	$162K	$854K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1497	+0.013%	$3.1M	$15.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1496	−0.065%	$970K	$2.4M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1497	+0.022%	$1.5M	$13.4M	20x
Gate UB_USDT	+0.0100%	4h	0.1494	−0.179%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1497	+0.042%	$695K	$666K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1495	−0.088%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1498	+0.075%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1496	−0.025%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	−0.375%	$425	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1490	−0.407%	$38K	$269K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1499	+0.176%	$17K	$294K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1497	long leg	$5K	$208K	5x
Aster UBUSDT	+0.0578%	4h	0.1500	+0.203%	$407K	$138K	5x	as long as short