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 −0.020%

Price spread now: Gate against MEXC+0.034%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2922.920% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.034%, 7d avg −0.118%

Together, before fees−0.309%−$31 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: Gate is 0.152% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1476	0.0100	pay 0.0050% / 4h	2h 51m	$624K	$675K	100x
Short	Gate UB_USDT	0.1477	0.0100	get 0.0050% / 4h	2h 51m	$1.5M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.118%: $15.2
Slippage, 4 orders: −$268.98
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$276.79
Costs to cover: 2.920%
Break-even: never at this rate

Slippage from MEXC: live order book, 32 min ago; Gate: live order book, 2 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, 32 min ago	0.69 bp	10.8 bp −$11	70.1 bp −$701	232.1 bp −$23.2K	doesn't fit
Sell Gate live order book, 2 min ago	13.57 bp	101.1 bp −$101	doesn't fit	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
BloFin UB-USDT	+0.0097%	4h	0.1476	−0.007%	$160K	$1.2M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1475	−0.081%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1475	−0.085%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1474	−0.142%	$1.4M	$16.2M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1477	+0.034%	$1.5M	$3.3M	25x
MEXC UB_USDTlong	+0.0100%	4h	0.1476	long leg	$624K	$675K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1476	−0.039%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1474	−0.122%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1474	−0.176%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1457	−1.332%	$91	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1470	−0.444%	$37K	$258K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1475	−0.088%	$15K	$163K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1475	−0.098%	$950	$176K	5x	as long as short
Aster UBUSDT	+0.0930%	4h	0.1479	+0.203%	$402K	$201K	5x	as long as short