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: Bybit against Binance−0.204%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1851.851% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.204%, 7d avg −0.089%

Together, before fees+0.144%+$14 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 0.115% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBUSDT	0.1489	0.0100	pay 0.0050% / 4h	1h 27m	$3.2M	$16.6M	50x
Short	Bybit UBUSDT	0.1486	0.0100	get 0.0050% / 4h	1h 27m	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → −0.089%: −$11.52
Slippage, 4 orders: −$164.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$196.59
Costs to cover: 1.851%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: 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 Binance live order book, 14 min ago	0.34 bp	23.1 bp −$23	167.0 bp −$1,670	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.69 bp	67.9 bp −$68	370.4 bp −$3,704	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	+0.0086%	4h	0.1489	−0.010%	$161K	$1.1M	50x	as long as short
Binance UBUSDTlong	+0.0100%	4h	0.1489	long leg	$3.2M	$16.6M	50x
Bybit UBUSDTshort	+0.0100%	4h	0.1486	−0.204%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1489	−0.004%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1486	−0.192%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1490	+0.077%	$662K	$704K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1485	−0.262%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1490	+0.043%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1489	−0.044%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1485	−0.302%	$93	$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	0.1485	−0.284%	$38K	$259K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1492	+0.191%	$16K	$183K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1489	+0.010%	$957	$176K	5x	as long as short
Aster UBUSDT	+0.0750%	4h	0.1488	−0.093%	$403K	$203K	5x	as long as short