Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.123%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2182.176% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.177%−$18 · spread now +0.123%, 7d avg +0.052%

Together, before fees−0.147%−$15 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: Binance is 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1461	0.0100	pay 0.0050% / 4h	1h 27m	$907K	$2.0M	20x
Short	Binance UBUSDT	0.1462	0.0100	get 0.0050% / 4h	1h 27m	$3.0M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.052%: $7.05
Slippage, 4 orders: −$196.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$210.56
Costs to cover: 2.176%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago	5.82 bp	85.4 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.03 bp	31.0 bp −$31	125.4 bp −$1,254	doesn't fit	doesn't fit

UB on 14 exchanges

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	+0.0080%	4h	0.1462	+0.075%	$154K	$780K	50x	as long as short
Binance UBUSDTshort	+0.0100%	4h	0.1462	+0.123%	$3.0M	$13.3M	50x
Bybit UBUSDTlong	+0.0100%	4h	0.1461	long leg	$907K	$2.0M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1459	−0.097%	$1.2M	$11.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1459	−0.097%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1463	+0.164%	$606K	$618K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1459	−0.105%	$1.0M	$906K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1460	−0.028%	$2.3M	$2.8M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1461	+0.013%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1461	+0.048%	$417	$8K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1462	+0.078%	$37K	$273K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1462	+0.109%	$16K	$366K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1463	+0.174%	$2K	$220K	5x	as long as short
Aster UBUSDT	+0.0351%	4h	0.1463	+0.131%	$397K	$95K	5x	as long as short