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 −0.020%

Price spread now: Gate against BingX+0.040%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1881.879% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.040%, 7d avg −0.052%

Together, before fees−0.139%−$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: Gate is 0.092% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1486	0.0100	pay 0.0050% / 4h	1h 31m	—	$2.7M	—
Short	Gate UB_USDT	0.1487	0.0100	get 0.0050% / 4h	1h 31m	$1.5M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.052%: $9.25
Slippage, 4 orders: −$162.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.7
Costs to cover: 1.879%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 2 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 BingX live order book, 4 min ago	3.36 bp	21.4 bp −$21	89.2 bp −$892	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.39 bp	73.2 bp −$73	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
BloFin UB-USDT	+0.0095%	4h	0.1488	+0.121%	$160K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1488	+0.079%	$3.2M	$16.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1488	+0.079%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1489	+0.148%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1487	+0.040%	$1.5M	$3.4M	25x
MEXC UB_USDT	+0.0100%	4h	0.1488	+0.087%	$648K	$698K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1489	+0.186%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1487	+0.034%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1486	long leg	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1477	−0.654%	$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	0.1491	+0.279%	$38K	$260K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1488	+0.101%	$16K	$183K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1487	+0.061%	$957	$176K	5x	as long as short
Aster UBUSDT	+0.0766%	4h	0.1489	+0.168%	$404K	$201K	5x	as long as short