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 +0.010%

Price spread now: Bitget against KuCoin−0.091%7-day average +0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$367as in the Funding arb table

Net, price: spread back to 7d avg − costs−$385as in the Price arb table

costs, in and out, $10k−$3623.621% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.209%+$21 · spread now −0.091%, 7d avg +0.135%

Together, before fees+0.162%+$16 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: Bitget is 0.226% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBUSDTM	0.1493	0.0100	pay 0.0050% / 4h	2h 29m	$1.1M	$1.3M	20x
Short	Bitget UBUSDT	0.1492	0.0100	get 0.0050% / 4h	2h 29m	$2.4M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.135%: −$22.59
Slippage, 4 orders: −$338.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$384.67
Costs to cover: 3.621%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Bitget: live order book, 4 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 KuCoin live order book, 11 min ago	14.54 bp	214.4 bp −$214	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.69 bp	30.9 bp −$31	doesn't fit	doesn't fit	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	0.1494	+0.063%	$3.2M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1492	−0.062%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	−0.037%	$1.4M	$15.4M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1495	+0.130%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1494	+0.050%	$656K	$727K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1493	long leg	$1.1M	$1.3M	20x
Bitget UBUSDTshort	+0.0100%	4h	0.1492	−0.091%	$2.4M	$3.4M	50x
BingX UB-USDT	+0.0100%	4h	0.1492	−0.077%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1495	+0.162%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1497	+0.238%	$38K	$267K	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	0.1494	+0.084%	$17K	$231K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1496	+0.225%	$6K	$168K	5x	as long as short
Aster UBUSDT	+0.0642%	4h	0.1498	+0.370%	$407K	$191K	5x	as long as short