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 +0.040%

Price spread now: Gate against OKX−0.318%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$1901.902% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.286%+$29 · spread now −0.318%, 7d avg −0.009%

Together, before fees+0.297%+$30 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 0.309% cheaper against OKX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1479	0.0100	pay 0.0050% / 4h	32m 44s	$1.4M	$16.2M	20x
Short	Gate UB_USDT	0.1475	0.0100	get 0.0050% / 4h	32m 44s	$1.5M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.318%Rate

Funding earned: $0
Price spread: −0.318% → −0.009%: −$30.9
Slippage, 4 orders: −$165.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$221.13
Costs to cover: 1.902%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago	2.71 bp	25.0 bp −$25	304.3 bp −$3,043	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.42 bp	82.2 bp −$82	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
Binance UBUSDT	+0.0100%	4h	0.1480	+0.071%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1478	−0.108%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1479	long leg	$1.4M	$16.2M	20x
Gate UB_USDTshort	+0.0100%	4h	0.1475	−0.318%	$1.5M	$3.4M	25x
MEXC UB_USDT	+0.0100%	4h	0.1480	+0.068%	$644K	$699K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1476	−0.244%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1477	−0.183%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1479	−0.041%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1477	−0.147%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1480	+0.010%	$37K	$262K	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	0.1480	+0.014%	$17K	$198K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1478	−0.092%	$953	$176K	5x	as long as short
BloFin UB-USDT	+0.0112%	4h	0.1480	+0.020%	$163K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0584%	4h	0.1479	−0.011%	$401K	$203K	5x	as long as short