Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Bybit+0.076%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2422.423% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.076%, 7d avg −0.059%

Together, before fees−0.157%−$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: OKX is 0.135% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1466	0.0100	pay 0.0050% / 4h	1h 49m	$1.1M	$2.4M	20x
Short	OKX UB-USDT-SWAP	0.1467	0.0100	get 0.0050% / 4h	1h 49m	$1.3M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → −0.059%: $13.5
Slippage, 4 orders: −$221.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$228.75
Costs to cover: 2.423%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	5.11 bp	102.2 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.41 bp	25.9 bp −$26	241.2 bp −$2,412	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	0.1469	+0.207%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1466	long leg	$1.1M	$2.4M	20x
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1467	+0.076%	$1.3M	$16.0M	20x
Gate UB_USDT	+0.0100%	4h	0.1465	−0.102%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1469	+0.164%	$645K	$691K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1465	−0.062%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1465	−0.102%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1469	+0.192%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	+0.026%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1468	+0.153%	$37K	$259K	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	0.1466	−0.040%	$15K	$179K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1468	+0.104%	$943	$176K	5x	as long as short
BloFin UB-USDT	+0.0130%	4h	0.1468	+0.137%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0701%	4h	0.1468	+0.142%	$398K	$201K	5x	as long as short