Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h 0.000%

Price spread now: Extended against BloFin+0.027%94s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.067% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.027%, 7d avg −0.021%

Together, before fees−0.021%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.048% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UB-USDT	0.1483	0.0072	pay 0.0036% / 4h	19m 45s	$161K	$1.1M	50x
Short	Extended UB-USD	0.1483	0.0104	get 0.0013% / 1h	19m 45s	$953	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.027%Rate

Funding earned: $6.62
Price spread: +0.027% → −0.021%: $4.83
Slippage, 4 orders: −$89.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$95.27
Costs to cover: 1.067%
Break-even: 107.8 days

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 56 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 BloFin live order book, 2 min ago	0.34 bp	19.7 bp −$20	53.0 bp −$530	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	0.17 bp	32.0 bp −$32	283.3 bp −$2,833	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-USDTlong	+0.0072%	4h	0.1483	long leg	$161K	$1.1M	50x
Binance UBUSDT	+0.0100%	4h	0.1484	+0.041%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1482	−0.101%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1481	−0.108%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1480	−0.169%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1484	+0.040%	$644K	$700K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1480	−0.206%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1483	0.000%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1482	−0.034%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1482	−0.074%	$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	0.1483	−0.018%	$37K	$262K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1483	+0.020%	$17K	$201K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1483	+0.027%	$953	$176K	5x
Aster UBUSDT	+0.0619%	4h	0.1484	+0.099%	$403K	$205K	5x	as long as short