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: Bitget against OKX+0.027%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on OKX Short on Bitget

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−0.087%−$9 · spread now +0.027%, 7d avg +0.139%

Together, before fees−0.032%−$3 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: Bitget is 0.112% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1469	0.0100	pay 0.0050% / 4h	1h 55m	$1.4M	$16.0M	20x
Short	Bitget UBUSDT	0.1470	0.0100	get 0.0050% / 4h	1h 55m	$2.4M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.139%: −$11.22
Slippage, 4 orders: −$88.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.8
Costs to cover: 1.106%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago	2.04 bp	25.0 bp −$25	509.3 bp −$5,093	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.08 bp	31.9 bp −$32	170.1 bp −$1,701	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	+0.0056%	4h	0.1472	+0.191%	$159K	$1.2M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1470	+0.057%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1470	+0.008%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1469	long leg	$1.4M	$16.0M	20x
Gate UB_USDT	+0.0100%	4h	0.1467	−0.163%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1470	+0.068%	$654K	$688K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1470	+0.059%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1470	+0.027%	$2.4M	$3.6M	50x
BingX UB-USDT	+0.0100%	4h	0.1470	+0.020%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1470	+0.049%	$92	$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	+0.046%	$37K	$258K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1472	+0.204%	$16K	$177K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1470	+0.029%	$948	$176K	5x	as long as short
Aster UBUSDT	+0.0725%	4h	0.1472	+0.191%	$399K	$201K	5x	as long as short