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 0.000%

Price spread now: Bitget against MEXC+0.014%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.014%, 7d avg +0.045%

Together, before fees−0.075%−$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: Bitget is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1460	0.0100	pay 0.0050% / 4h	2h 54m	$618K	$674K	100x
Short	Bitget UBUSDT	0.1460	0.0100	get 0.0050% / 4h	2h 54m	$2.4M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.045%: −$3.09
Slippage, 4 orders: −$79.37
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.46
Costs to cover: 0.994%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; Bitget: 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 MEXC live order book, 29 min ago	0.69 bp	10.8 bp −$11	70.1 bp −$701	232.1 bp −$23.2K	doesn't fit
Sell Bitget live order book, 3 min ago	6.52 bp	35.1 bp −$35	163.9 bp −$1,639	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	0.1460	+0.016%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1458	−0.132%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1458	−0.116%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1457	−0.212%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1460	long leg	$618K	$674K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1456	−0.253%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1460	+0.014%	$2.4M	$3.6M	50x
BingX UB-USDT	+0.0100%	4h	0.1459	−0.055%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1457	−0.237%	$91	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1459	−0.099%	$37K	$257K	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	0.1460	+0.007%	$15K	$161K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1460	−0.025%	$938	$176K	5x	as long as short
BloFin UB-USDT	+0.0106%	4h	0.1460	0.000%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0873%	4h	0.1460	+0.013%	$397K	$201K	5x	as long as short