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

UB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0786%/8h= +86.1% APRnext payment +$3.93 per $10,000 · paid last 24h +0.067%
Price spread now: Aster against MEXC+0.062%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.217%+$22 on $10k
Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.062%, 7d avg +0.005%
Together, before fees+0.339%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Aster is 0.057% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.005%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC UB_USDT0.14590.0100pay 0.0050% / 4h2h 56m$618K$674K100x
ShortAster UBUSDT0.14600.0886get 0.0443% / 4h2h 56m$397K$201K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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
$165.15
Price spread: +0.062% → +0.005%
$5.69
Slippage, 4 orders
−$83.6
Fee MEXC: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$71.24
Costs to cover
0.996%
Break-even
4.0 days
Slippage from MEXC: live order book, 27 min ago; Aster: live order book, 30 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 MEXC live order book, 27 min ago0.69 bp10.8 bp −$1170.1 bp −$701232.1 bp −$23.2Kdoesn't fit
Sell Aster live order book, 30 min ago5.11 bp42.0 bp −$42doesn't fitdoesn't fitdoesn't fit

UB on 14 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%4h0.1459+0.019%$3.2M$16.5M50xas long as short
Bybit UBUSDT+0.0100%4h0.1457−0.096%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1456−0.219%$1.4M$16.0M20xas long as short
Gate UB_USDT+0.0100%4h0.1457−0.123%$1.5M$3.3M25xas long as short
MEXC UB_USDTlong+0.0100%4h0.1459long leg$618K$674K100x
KuCoin UBUSDTM+0.0100%4h0.1457−0.110%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1457−0.123%$2.3M$3.6M50xas long as short
BingX UB-USDT+0.0100%4h0.1457−0.117%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1454−0.293%$91$5Kas long as short
edgeX UBUSDC+0.0100%4h0.1460+0.071%$37K$257K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1458−0.034%$15K$161K20xas long as short
Extended UB-USD+0.0104%1h0.1459+0.002%$938$176K5xas long as short
BloFin UB-USDT+0.0138%4h0.1459+0.021%$160K$1.2M50xas long as short
Aster UBUSDTshort+0.0886%4h0.1460+0.062%$397K$201K5x