Funding arb · Price arb /

UB

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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 0.000%

Price spread now: Bybit against HTX−0.234%7-day average −0.108% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.234%, 7d avg −0.108%

Together, before fees+0.135%+$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: Bybit is 0.126% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UB-USDT	0.1495	0.0100	pay 0.0050% / 4h	3h 21m	$17K	$218K	20x
Short	Bybit UBUSDT	0.1492	0.0100	get 0.0050% / 4h	3h 21m	$1.0M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.108%: −$12.64
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.64
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 50 min ago; Bybit: live order book, 1 min ago. Net counts fees only.

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 HTX live order book, 50 min ago	31.43 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.69 bp	77.2 bp −$77	311.7 bp −$3,117	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	0.1494	−0.127%	$3.2M	$17.6M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1492	−0.234%	$1.0M	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	−0.201%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1491	−0.308%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1493	−0.134%	$607K	$711K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1492	−0.252%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1493	−0.140%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1493	−0.174%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	−0.301%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1485	−0.703%	$38K	$264K	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-USDTlong	+0.0100%	4h	0.1495	long leg	$17K	$218K	20x
Extended UB-USD	+0.0104%	1h	0.1493	−0.178%	$6K	$177K	5x	as long as short
BloFin UB-USDT	+0.0154%	4h	0.1492	−0.214%	$160K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0611%	4h	0.1492	−0.224%	$405K	$199K	5x	as long as short