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 −0.049%

Price spread now: Bybit against KuCoin−0.039%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$411as in the Funding arb table

Net, price: spread back to 7d avg − costs−$409as in the Price arb table

costs, in and out, $10k−$4034.030% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.039%, 7d avg +0.019%

Together, before fees+0.172%+$17 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 0.058% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBUSDTM	0.1490	0.0100	pay 0.0050% / 4h	53m 45s	$1.1M	$1.4M	20x
Short	Bybit UBUSDT	0.1490	0.0100	get 0.0050% / 4h	53m 45s	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.019%: −$5.82
Slippage, 4 orders: −$379.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$408.81
Costs to cover: 4.030%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	12.36 bp	183.6 bp −$184	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.69 bp	66.5 bp −$67	375.6 bp −$3,756	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	0.1492	+0.121%	$3.3M	$16.8M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1490	−0.039%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1490	−0.019%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1490	−0.046%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1492	+0.102%	$647K	$691K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1490	long leg	$1.1M	$1.4M	20x
Bitget UBUSDT	+0.0100%	4h	0.1489	−0.100%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1491	+0.014%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1489	−0.093%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1492	+0.102%	$38K	$260K	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	0.1497	+0.410%	$17K	$192K	20x	as long as short
BloFin UB-USDT	+0.0102%	4h	0.1493	+0.148%	$161K	$1.1M	50x	as long as short
Extended UB-USD	+0.0104%	1h	0.1491	+0.062%	$962	$176K	5x	as long as short
Aster UBUSDT	+0.0690%	4h	0.1494	+0.220%	$405K	$204K	5x	as long as short