Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
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 0.000%
Price spread now: Bybit against OKX+0.068%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2312.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.068%, 7d avg +0.059%
Together, before fees+0.116%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX UB-USDT-SWAP0.14730.0100pay 0.0050% / 4h2h 52m$1.4M$16.2M20x
ShortBybit UBUSDT0.14740.0100get 0.0050% / 4h2h 52m$1.1M$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.068% → +0.059%
$0.87
Slippage, 4 orders
−$209.96
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$230.09
Costs to cover
2.310%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago2.38 bp27.3 bp −$27520.5 bp −$5,205doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.12 bp88.8 bp −$89441.2 bp −$4,412doesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UBUSDT+0.0100%4h0.1476+0.183%$3.2M$16.5M50xas long as short
Bybit UBUSDTshort+0.0100%4h0.1474+0.068%$1.1M$2.4M20x
OKX UB-USDT-SWAPlong+0.0100%4h0.1473long leg$1.4M$16.2M20x
Gate UB_USDT+0.0100%4h0.1474+0.061%$1.5M$3.3M25xas long as short
MEXC UB_USDT+0.0100%4h0.1477+0.244%$624K$674K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1472−0.055%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1478+0.319%$2.4M$3.6M50xas long as short
BingX UB-USDT+0.0100%4h0.1476+0.176%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1457−1.124%$91$5Kas long as short
edgeX UBUSDC+0.0100%4h0.1460−0.886%$37K$257K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1469−0.251%$16K$162K20xas long as short
Extended UB-USD+0.0104%1h0.1477+0.234%$950$176K5xas long as short
BloFin UB-USDT+0.0123%4h0.1469−0.278%$160K$1.2M50xas long as short
Aster UBUSDT+0.0890%4h0.1473−0.001%$400K$201K5xas long as short