Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against OKX+0.040%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.040%, 7d avg +0.074%

Together, before fees−0.036%−$4 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: Binance is 0.034% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1495	0.0100	pay 0.0050% / 4h	3h 31m	$1.4M	$14.1M	20x
Short	Binance UBUSDT	0.1495	0.0100	get 0.0050% / 4h	3h 31m	$3.1M	$16.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.074%: −$3.43
Slippage, 4 orders: −$80.12
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.55
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: 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 OKX live order book, 2 min ago	1.00 bp	22.8 bp −$23	321.0 bp −$3,210	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.67 bp	26.0 bp −$26	103.1 bp −$1,031	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 UBUSDTshort	+0.0100%	4h	0.1495	+0.040%	$3.1M	$16.0M	50x
Bybit UBUSDT	+0.0100%	4h	0.1493	−0.100%	$983K	$2.5M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1495	long leg	$1.4M	$14.1M	20x
Gate UB_USDT	+0.0100%	4h	0.1492	−0.167%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1495	+0.013%	$732K	$662K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1493	−0.147%	$1.0M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1494	−0.013%	$2.4M	$3.2M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1495	−0.007%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1494	−0.041%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1493	−0.146%	$38K	$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	0.1496	+0.074%	$17K	$277K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1495	+0.030%	$2K	$172K	5x	as long as short
BloFin UB-USDT	+0.0128%	4h	0.1493	−0.107%	$157K	$861K	50x	as long as short
Aster UBUSDT	+0.0611%	4h	0.1495	+0.005%	$406K	$160K	5x	as long as short