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

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against MEXC+0.262%79s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$630.630% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.262%, 7d avg 0.000%
Together, before fees−0.271%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.262% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC UB_USDT0.14890.0100pay 0.0050% / 4h52m 00s$646K$692K100x
ShortBloFin UB-USDT0.14930.0124get 0.0062% / 4h52m 00s$161K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$5.1
Price spread: +0.262% → 0.000%
$26.15
Slippage, 4 orders
−$43.02
Fee MEXC: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$31.77
Costs to cover
0.630%
Break-even
50.6 days
Slippage from MEXC: live order book, 18 min ago; BloFin: live order book, 5 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, 18 min ago0.34 bp9.7 bp −$1069.2 bp −$692246.6 bp −$24.7Kdoesn't fit
Sell BloFin live order book, 5 min ago1.67 bp26.2 bp −$26doesn'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%4h0.1489−0.048%$3.2M$16.8M50xas long as short
Bybit UBUSDT+0.0100%4h0.1489−0.052%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1489−0.054%$1.4M$16.3M20xas long as short
Gate UB_USDT+0.0100%4h0.1488−0.074%$1.5M$3.4M25xas long as short
MEXC UB_USDTlong+0.0100%4h0.1489long leg$646K$692K100x
KuCoin UBUSDTM+0.0100%4h0.1488−0.073%$1.1M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1488−0.074%$2.4M$3.5M50xas long as short
BingX UB-USDT+0.0100%4h0.1488−0.107%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1489−0.027%$2K$7Kas long as short
edgeX UBUSDC+0.0100%4h0.1492+0.158%$38K$261K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1493+0.222%$17K$193K20xas long as short
Extended UB-USD+0.0104%1h0.1488−0.081%$962$176K5xas long as short
BloFin UB-USDTshort+0.0124%4h0.1493+0.262%$161K$1.1M50x
Aster UBUSDT+0.0683%4h0.1491+0.090%$404K$204K5xas long as short