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 0.000%

Price spread now: BingX against MEXC−0.089%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.089%, 7d avg −0.044%

Together, before fees+0.220%+$22 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: BingX is 0.045% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1469	0.0100	pay 0.0050% / 4h	0m 57s	$678K	$686K	100x
Short	BingX UB-USDT	0.1467	0.0100	get 0.0050% / 4h	0m 57s	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.044%: −$4.48
Slippage, 4 orders: −$52.94
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.42
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from MEXC: live order book, 49 min ago; BingX: live order book, 9 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 MEXC live order book, 49 min ago	0.34 bp	8.8 bp −$9	65.2 bp −$652	220.9 bp −$22.1K	doesn't fit
Sell BingX live order book, 9 min ago	3.40 bp	26.9 bp −$27	70.7 bp −$707	876.7 bp −$87.7K	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	0.1469	+0.009%	$3.1M	$16.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1467	−0.131%	$967K	$2.5M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1469	−0.014%	$1.3M	$14.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1467	−0.136%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1469	long leg	$678K	$686K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1467	−0.144%	$1.0M	$1.2M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1468	−0.054%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1467	−0.089%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1467	−0.130%	$419	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1467	−0.109%	$37K	$269K	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	0.1470	+0.061%	$16K	$269K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1468	−0.063%	$5K	$169K	5x	as long as short
BloFin UB-USDT	+0.0121%	4h	0.1469	+0.041%	$153K	$885K	50x	as long as short
Aster UBUSDT	+0.0550%	4h	0.1468	−0.082%	$398K	$161K	5x	as long as short