Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.012%
Price spread now: Extended against KuCoin−0.058%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$348as in the Price arb table
costs, in and out, $10k−$3353.346% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.058%, 7d avg +0.078%
Together, before fees+0.078%+ Points / potential airdropExtended: Active · farm board+$8 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 0.136% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin UBUSDTM0.14930.0100pay 0.0050% / 4h2h 25m$1.1M$1.3M20x
ShortExtended UB-USD0.14920.0104get 0.0013% / 1h25m 52s$962$170K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.058% → +0.078%
−$13.61
Slippage, 4 orders
−$317.63
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$347.4
Costs to cover
3.346%
Break-even
2902.0 days
Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago17.67 bp159.6 bp −$160doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 40 min ago0.56 bp34.5 bp −$34doesn't fitdoesn't fitdoesn't fit

UB on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UBUSDT+0.0100%4h0.1493+0.001%$3.2M$16.7M50xas long as short
Bybit UBUSDT+0.0100%4h0.1494+0.022%$1.0M$2.6M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1496+0.160%$1.4M$15.4M20xas long as short
Gate UB_USDT+0.0100%4h0.1492−0.055%$1.5M$3.5M25xas long as short
MEXC UB_USDT+0.0100%4h0.1494+0.066%$655K$727K100xas long as short
KuCoin UBUSDTMlong+0.0100%4h0.1493long leg$1.1M$1.3M20x
Bitget UBUSDT+0.0100%4h0.1495+0.139%$2.4M$3.4M50xas long as short
BingX UB-USDT+0.0100%4h0.1496+0.166%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1490−0.188%$61$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1496+0.207%$38K$265K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1493−0.001%$16K$231K20xas long as short
Extended UB-USDshort+0.0104%1h0.1492−0.058%$962$170K5x
Aster UBUSDT+0.0628%4h0.1494+0.039%$405K$190K5xas long as short