UB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0218%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h −0.021%

Price spread now: OKX against Gate−0.109%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

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

costs, in and out, $10k−$2002.004% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.109%, 7d avg +0.010%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.119% cheaper against Gate than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.010%). If the spread goes back, that is −$12 on $10k: about 44 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1466	−0.0118	get 0.0059% / 4h	3h 41m	$1.5M	$3.5M	25x
Short	OKX UB-USDT-SWAP	0.1464	0.0100	get 0.0050% / 4h	3h 41m	$1.4M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $45.78
Price spread: −0.109% → +0.010%: −$11.92
Slippage, 4 orders: −$175.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$166.53
Costs to cover: 2.004%
Break-even: 32.5 days

Slippage from Gate: live order book, 2 min ago; OKX: 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 Gate live order book, 2 min ago	9.56 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.70 bp	25.1 bp −$25	200.0 bp −$2,000	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
Gate UB_USDTlong	−0.0118%	4h	0.1466	long leg	$1.5M	$3.5M	25x
Binance UBUSDT	+0.0100%	4h	0.1467	+0.083%	$3.2M	$17.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1465	−0.072%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1464	−0.109%	$1.4M	$16.5M	20x
MEXC UB_USDT	+0.0100%	4h	0.1469	+0.232%	$603K	$706K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1467	+0.078%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1468	+0.177%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1467	+0.109%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	+0.046%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1475	+0.635%	$37K	$262K	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	0.1467	+0.096%	$16K	$212K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1468	+0.175%	$945	$172K	5x	as long as short
BloFin UB-USDT	+0.0115%	4h	0.1470	+0.259%	$163K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0522%	4h	0.1470	+0.280%	$399K	$205K	5x	as long as short