Funding arb · Price arb /

UB

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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 −0.059%

Price spread now: Bybit against MEXC−0.197%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1451.446% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.197%, 7d avg −0.085%

Together, before fees+0.167%+$17 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: Bybit is 0.112% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1482	0.0100	pay 0.0050% / 4h	28m 57s	$645K	$699K	100x
Short	Bybit UBUSDT	0.1479	0.0100	get 0.0050% / 4h	28m 57s	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → −0.085%: −$11.16
Slippage, 4 orders: −$125.62
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$155.78
Costs to cover: 1.446%
Break-even: never at this rate

Slippage from MEXC: live order book, 41 min ago; Bybit: 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, 41 min ago	0.34 bp	9.7 bp −$10	69.2 bp −$692	246.6 bp −$24.7K	doesn't fit
Sell Bybit live order book, 3 min ago	5.07 bp	66.6 bp −$67	374.9 bp −$3,749	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	0.1482	0.000%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1479	−0.197%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1480	−0.142%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1477	−0.317%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1482	long leg	$645K	$699K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1477	−0.329%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1480	−0.121%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1482	−0.040%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1479	−0.234%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1478	−0.292%	$37K	$262K	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	0.1482	−0.027%	$17K	$199K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1482	−0.012%	$953	$176K	5x	as long as short
BloFin UB-USDT	+0.0156%	4h	0.1482	−0.020%	$162K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0596%	4h	0.1482	−0.006%	$402K	$204K	5x	as long as short