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

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against BingX+0.128%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$880.878% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$10 on $10k
Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.128%, 7d avg +0.023%
Together, before fees−0.192%−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.105% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX UB-USDT0.14800.0100pay 0.0050% / 4h18m 39s$2.6M
ShortBloFin UB-USDT0.14820.0144get 0.0072% / 4h18m 39s$159K$830K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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
$9.32
Price spread: +0.128% → +0.023%
$10.52
Slippage, 4 orders
−$65.79
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$67.95
Costs to cover
0.878%
Break-even
58.0 days
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 63 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 BingX live order book, 6 min ago3.04 bp22.2 bp −$22108.9 bp −$1,089doesn't fitdoesn't fit
Sell BloFin live order book, 63 min ago0.67 bp12.2 bp −$1239.1 bp −$391doesn'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%4h0.1481+0.083%$3.1M$14.3M50xas long as short
Bybit UBUSDT+0.0100%4h0.1479−0.042%$950K$2.2M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1480+0.007%$1.4M$11.6M20xas long as short
Gate UB_USDT+0.0100%4h0.1477−0.189%$1.5M$3.3M25xas long as short
MEXC UB_USDT+0.0100%4h0.1481+0.081%$676K$624K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1478−0.120%$1.1M$968K20xas long as short
Bitget UBUSDT+0.0100%4h0.1480+0.041%$2.4M$2.9M50xas long as short
BingX UB-USDTlong+0.0100%4h0.1480long leg$2.6M
Variational Omni UB+0.0100%4h0.1479−0.045%$422$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1481+0.060%$37K$272K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1482+0.108%$16K$325K20xas long as short
Extended UB-USD+0.0104%1h0.1481+0.056%$2K$227K5xas long as short
BloFin UB-USDTshort+0.0144%4h0.1482+0.128%$159K$830K50x
Aster UBUSDT+0.0278%4h0.1482+0.148%$402K$113K5xas long as short