Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: BingX against Gate+0.251%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1981.977% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 7 days−0.265%−$26 · spread now +0.251%, 7d avg +0.056%

Together, before fees−0.127%−$13 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: BingX is 0.195% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1476	0.0100	pay 0.0050% / 4h	2h 33m	$1.5M	$3.4M	25x
Short	BingX UB-USDT	0.1480	0.0100	get 0.0050% / 4h	2h 33m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.056%: $19.46
Slippage, 4 orders: −$172.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$178.26
Costs to cover: 1.977%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 6 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 Gate live order book, 5 min ago	6.11 bp	59.9 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.68 bp	27.3 bp −$27	92.5 bp −$925	875.3 bp −$87.5K	doesn't fit

UB on 13 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	0.1481	+0.325%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1479	+0.163%	$1.1M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1480	+0.298%	$1.4M	$15.4M	20x	as long as short
Gate UB_USDTlong	+0.0100%	4h	0.1476	long leg	$1.5M	$3.4M	25x
MEXC UB_USDT	+0.0100%	4h	0.1480	+0.298%	$624K	$721K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1476	−0.006%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1480	+0.278%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1480	+0.251%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1479	+0.218%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1479	+0.210%	$37K	$266K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1480	+0.251%	$16K	$229K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1477	+0.048%	$6K	$168K	5x	as long as short
Aster UBUSDT	+0.0595%	4h	0.1478	+0.148%	$401K	$191K	5x	as long as short