Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit+0.149%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$2092.085% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.149%, 7d avg +0.061%

Together, before fees−0.158%+ Points / potential airdropExtended: Active · farm board−$16 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 0.088% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1500	0.0100	pay 0.0050% / 4h	2h 44m	$1.1M	$2.6M	20x
Short	Extended UB-USD	0.1502	0.0104	get 0.0013% / 1h	44m 43s	$6K	$168K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0.84
Price spread: +0.149% → +0.061%: $8.84
Slippage, 4 orders: −$192.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$198.87
Costs to cover: 2.085%
Break-even: 1664.2 days

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 21 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	4.33 bp	59.4 bp −$59	427.5 bp −$4,275	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	0.56 bp	34.5 bp −$34	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
BloFin UB-USDT	+0.0088%	4h	0.1500	+0.009%	$163K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1501	+0.096%	$3.2M	$17.3M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1500	long leg	$1.1M	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1501	+0.063%	$1.4M	$15.8M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1498	−0.104%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1503	+0.203%	$640K	$716K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1500	−0.016%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1500	+0.023%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1501	+0.089%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1501	+0.054%	$124	$8K	—	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	0.1500	−0.013%	$38K	$266K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1501	+0.096%	$16K	$226K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1502	+0.149%	$6K	$168K	5x
Aster UBUSDT	+0.0666%	4h	0.1502	+0.162%	$408K	$192K	5x	as long as short