Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Extended against Gate+0.159%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2182.178% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.159%, 7d avg +0.097%

Together, before fees+0.134%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1452	0.0100	pay 0.0050% / 4h	1h 18m	$1.5M	$3.5M	25x
Short	Extended UB-USD	0.1455	0.0104	get 0.0013% / 1h	18m 51s	$939	$170K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0.84
Price spread: +0.159% → +0.097%: $6.2
Slippage, 4 orders: −$197.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$210.78
Costs to cover: 2.178%
Break-even: 1763.5 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 42 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, 4 min ago	9.27 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	0.40 bp	24.9 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	+0.0071%	4h	0.1456	+0.207%	$150K	$948K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1456	+0.221%	$3.0M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1454	+0.098%	$971K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1455	+0.165%	$1.3M	$14.7M	20x	as long as short
Gate UB_USDTlong	+0.0100%	4h	0.1452	long leg	$1.5M	$3.5M	25x
MEXC UB_USDT	+0.0100%	4h	0.1456	+0.207%	$591K	$683K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1454	+0.099%	$1.0M	$1.2M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1458	+0.379%	$2.3M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1455	+0.172%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1455	+0.150%	$31	$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	0.1457	+0.282%	$37K	$267K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1456	+0.269%	$16K	$249K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1455	+0.159%	$939	$170K	5x
Aster UBUSDT	+0.0525%	4h	0.1456	+0.243%	$395K	$181K	5x	as long as short