Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%

Price spread now: Bybit against Gate+0.307%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3263.255% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.307%, 7d avg +0.035%

Together, before fees−0.102%−$10 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: Bybit is 0.272% dearer against Gate than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1480	0.0100	pay 0.0050% / 4h	1h 01m	$1.5M	$3.5M	25x
Short	Bybit UBUSDT	0.1485	0.0100	get 0.0050% / 4h	1h 01m	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.307%Rate

Funding earned: $0
Price spread: +0.307% → +0.035%: $27.2
Slippage, 4 orders: −$299.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$298.34
Costs to cover: 3.255%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 10 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, 1 min ago	4.38 bp	107.5 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	4.41 bp	63.7 bp −$64	359.5 bp −$3,595	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	0.1487	+0.459%	$3.2M	$16.7M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1485	+0.307%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1485	+0.331%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDTlong	+0.0100%	4h	0.1480	long leg	$1.5M	$3.5M	25x
MEXC UB_USDT	+0.0100%	4h	0.1487	+0.466%	$645K	$710K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1482	+0.104%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1487	+0.459%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1486	+0.378%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1477	−0.220%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1479	−0.044%	$37K	$261K	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	0.1486	+0.419%	$16K	$189K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1487	+0.439%	$957	$176K	5x	as long as short
BloFin UB-USDT	+0.0134%	4h	0.1483	+0.176%	$162K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0649%	4h	0.1485	+0.358%	$403K	$204K	5x	as long as short