Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget+0.168%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.168%, 7d avg −0.066%

Together, before fees−0.298%+ Points / potential airdropExtended: Active · farm board−$30 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: Extended is 0.233% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1484	0.0100	pay 0.0050% / 4h	1h 28m	$2.4M	$3.5M	50x
Short	Extended UB-USD	0.1486	0.0104	get 0.0013% / 1h	28m 18s	$957	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.168%Rate

Funding earned: $0.84
Price spread: +0.168% → −0.066%: $23.34
Slippage, 4 orders: −$92.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$85.78
Costs to cover: 1.100%
Break-even: 721.8 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 53 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, 4 min ago	5.71 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 53 min ago	0.89 bp	16.0 bp −$16	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
Binance UBUSDT	+0.0100%	4h	0.1486	+0.128%	$3.2M	$16.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1484	+0.017%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1484	+0.027%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1484	+0.013%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1486	+0.121%	$661K	$703K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1484	+0.019%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1484	long leg	$2.4M	$3.5M	50x
BingX UB-USDT	+0.0100%	4h	0.1485	+0.088%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1485	+0.052%	$93	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1491	+0.441%	$38K	$260K	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	0.1488	+0.290%	$16K	$184K	20x	as long as short
BloFin UB-USDT	+0.0102%	4h	0.1484	0.000%	$161K	$1.1M	50x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1486	+0.168%	$957	$176K	5x
Aster UBUSDT	+0.0750%	4h	0.1486	+0.166%	$403K	$203K	5x	as long as short