Funding arb · Price arb /

UB

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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 Bitget−0.047%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on Bitget 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)−0.021%−$2 · spread now −0.047%, 7d avg −0.126%

Together, before fees−0.049%−$5 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 0.080% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1500	0.0100	pay 0.0050% / 4h	1m 04s	$2.4M	$3.5M	50x
Short	Bybit UBUSDT	0.1500	0.0100	get 0.0050% / 4h	1m 04s	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.126%: $7.96
Slippage, 4 orders: −$128.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.12
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; Bybit: live order book, 6 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, 7 min ago	4.32 bp	24.2 bp −$24	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	3.66 bp	51.6 bp −$52	415.5 bp −$4,155	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	+0.0073%	4h	0.1501	+0.047%	$162K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1500	−0.033%	$3.3M	$17.1M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1500	−0.047%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1498	−0.167%	$1.4M	$16.6M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1498	−0.147%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1500	−0.047%	$660K	$716K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1499	−0.118%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1500	long leg	$2.4M	$3.5M	50x
BingX UB-USDT	+0.0100%	4h	0.1499	−0.100%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1499	−0.093%	$2K	$7K	—	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	0.1506	+0.345%	$38K	$263K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1501	+0.020%	$17K	$206K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1500	−0.053%	$967	$176K	5x	as long as short
Aster UBUSDT	+0.0639%	4h	0.1501	+0.028%	$407K	$206K	5x	as long as short