Funding arb · Price arb /

UB

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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 0.000%

Price spread now: MEXC against Bitget+0.027%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.027%, 7d avg −0.034%

Together, before fees−0.091%−$9 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: MEXC is 0.061% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1481	0.0100	pay 0.0050% / 4h	20m 18s	$2.4M	$2.9M	50x
Short	MEXC UB_USDT	0.1481	0.0100	get 0.0050% / 4h	20m 18s	$676K	$623K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.034%: $6.11
Slippage, 4 orders: −$40.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$54.05
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 10 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, 2 min ago	3.71 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	0.34 bp	11.3 bp −$11	66.1 bp −$661	267.6 bp −$26.8K	609.0 bp −$304.5K

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	0.1480	−0.027%	$3.1M	$14.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1479	−0.117%	$950K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1479	−0.149%	$1.4M	$11.6M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1478	−0.189%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1481	+0.027%	$676K	$623K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1478	−0.176%	$1.1M	$968K	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1481	long leg	$2.4M	$2.9M	50x
BingX UB-USDT	+0.0100%	4h	0.1479	−0.135%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1479	−0.112%	$422	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1481	−0.008%	$37K	$272K	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	0.1482	+0.041%	$16K	$325K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1481	+0.027%	$2K	$227K	5x	as long as short
BloFin UB-USDT	+0.0113%	4h	0.1482	+0.054%	$159K	$830K	50x	as long as short
Aster UBUSDT	+0.0286%	4h	0.1482	+0.061%	$402K	$113K	5x	as long as short