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

UNH

RWAall UNH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.673%7-day average +0.425% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$528as in the Price arb table
costs, in and out, $10k−$5535.531% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.673%, 7d avg +0.425%
Together, before fees−0.161%−$16 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: Bybit is 0.248% dearer against QFEX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.425%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX UNH-USD375.870get 0.0000% / 1h28m 05s$1.1M$2.2M10x
ShortBybit UNHUSDT378.400get 0.0000% / 8h7h 28m$179K$35K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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: +0.673% → +0.425%
$24.8
Slippage, 4 orders
−$532.08
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$528.28
Costs to cover
5.531%
Break-even
never at this rate
Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 52 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 QFEX live order book, 4 min ago77.16 bp133.4 bp −$133doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 52 min ago21.06 bp150.5 bp −$150doesn't fitdoesn't fitdoesn't fit

UNH on 6 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
Bybit UNHUSDTshort0.0000%8h378.40+0.673%$179K$35K25x
OKX UNH-USDT-SWAP0.0000%8h378.21+0.623%$132K$89K20xas long as short
QFEX UNH-USDlong0.0000%1h375.87long leg$1.1M$2.2M10x
Gate UNH_USDT0.0000%8h378.13+0.601%$92K$11K25xas long as short
Bitget UNHUSDT0.0000%8h377.42+0.412%$285K$100K20xas long as short
HTX UNH-USDT0.0000%8h379.34+0.923%$6K$388K10xas long as short