Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.119%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.119%, 7d avg −0.095%

Together, before fees+0.130%+$13 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: BingX is 0.024% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1426	0.0100	pay 0.0050% / 4h	1h 36m	$2.3M	$3.4M	50x
Short	BingX UB-USDT	0.1424	0.0100	get 0.0050% / 4h	1h 36m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.095%: −$2.4
Slippage, 4 orders: −$84.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.78
Costs to cover: 1.064%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 12 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 Bitget live order book, 1 min ago	3.15 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.10 bp	29.9 bp −$30	93.8 bp −$938	814.7 bp −$81.5K	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	+0.0071%	4h	0.1427	+0.084%	$157K	$945K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1426	+0.014%	$3.0M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1424	−0.105%	$951K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1425	−0.070%	$1.3M	$14.4M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1426	−0.021%	$1.4M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1425	−0.049%	$577K	$676K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1425	−0.087%	$1.0M	$1.3M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1426	long leg	$2.3M	$3.4M	50x
BingX UB-USDTshort	+0.0100%	4h	0.1424	−0.119%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1433	+0.489%	$59	$8K	—	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	0.1436	+0.711%	$36K	$266K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1426	+0.007%	$16K	$244K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1425	−0.062%	$919	$170K	5x	as long as short
Aster UBUSDT	+0.0418%	4h	0.1427	+0.107%	$387K	$186K	5x	as long as short