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 +0.059%

Price spread now: BingX against OKX+0.075%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.075%, 7d avg +0.045%

Together, before fees−0.002%$0 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: BingX is 0.030% dearer against OKX than usual: you sell high and buy low, +$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	OKX UB-USDT-SWAP	0.1461	0.0100	pay 0.0050% / 4h	2h 45m	$1.4M	$16.0M	20x
Short	BingX UB-USDT	0.1462	0.0100	get 0.0050% / 4h	2h 45m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.045%: $3.04
Slippage, 4 orders: −$101.79
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.75
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	0.68 bp	34.6 bp −$35	476.1 bp −$4,761	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.44 bp	30.5 bp −$30	109.0 bp −$1,090	965.3 bp −$96.5K	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	0.1469	+0.533%	$3.2M	$16.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1467	+0.379%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1461	long leg	$1.4M	$16.0M	20x
Gate UB_USDT	+0.0100%	4h	0.1470	+0.616%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1465	+0.246%	$651K	$682K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1469	+0.537%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1462	+0.055%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1462	+0.075%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1474	+0.863%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1474	+0.864%	$37K	$258K	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	0.1473	+0.808%	$15K	$164K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1469	+0.509%	$950	$176K	5x	as long as short
BloFin UB-USDT	+0.0154%	4h	0.1470	+0.616%	$159K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0906%	4h	0.1472	+0.735%	$400K	$201K	5x	as long as short