Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: OKX against BingX+0.040%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.040%, 7d avg −0.049%

Together, before fees−0.164%−$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: OKX is 0.090% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1487	0.0100	pay 0.0050% / 4h	2h 29m	—	$2.6M	—
Short	OKX UB-USDT-SWAP	0.1487	0.0100	get 0.0050% / 4h	2h 29m	$1.5M	$13.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.049%: $8.95
Slippage, 4 orders: −$85.2
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.25
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: live order book, 3 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, 5 min ago	3.02 bp	23.2 bp −$23	88.6 bp −$886	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.01 bp	30.3 bp −$30	330.1 bp −$3,301	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	0.1488	+0.054%	$3.1M	$15.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1485	−0.137%	$964K	$2.4M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1487	+0.040%	$1.5M	$13.8M	20x
Gate UB_USDT	+0.0100%	4h	0.1483	−0.235%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1487	+0.040%	$694K	$664K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1483	−0.248%	$1.0M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1485	−0.094%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1487	long leg	—	$2.6M	—
Variational Omni UB	+0.0100%	4h	0.1481	−0.392%	$424	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1486	−0.065%	$38K	$271K	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	0.1487	−0.027%	$16K	$292K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1487	+0.028%	$1K	$203K	5x	as long as short
BloFin UB-USDT	+0.0109%	4h	0.1484	−0.208%	$161K	$847K	50x	as long as short
Aster UBUSDT	+0.0530%	4h	0.1486	−0.071%	$403K	$150K	5x	as long as short