Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against edgeX−0.177%70s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as 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−$860.859% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.182%+$18 · spread now −0.177%, 7d avg +0.001%

Together, before fees+0.275%+ Points / potential airdropedgeX: Active · farm board+$28 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: BingX is 0.178% cheaper against edgeX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 70 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	edgeX UBUSDC	0.1478	0.0100	pay 0.0050% / 4h	3h 32m	$37K	$264K	10x
Short	BingX UB-USDT	0.1475	0.0100	get 0.0050% / 4h	3h 32m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → +0.001%: −$17.82
Slippage, 4 orders: −$66.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$103.77
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; BingX: live order book, 2 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 edgeX live order book, 40 min ago	5.70 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.07 bp	30.3 bp −$30	84.8 bp −$848	787.8 bp −$78.8K	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	0.1477	−0.083%	$3.2M	$17.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1474	−0.292%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1473	−0.353%	$1.4M	$16.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1472	−0.380%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1476	−0.150%	$603K	$708K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1473	−0.323%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1474	−0.265%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1475	−0.177%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1478	−0.020%	$2K	$7K	—	as long as short
edgeX UBUSDClong	+0.0100%	4h	0.1478	long leg	$37K	$264K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1473	−0.319%	$16K	$214K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1476	−0.161%	$951	$172K	5x	as long as short
BloFin UB-USDT	+0.0108%	4h	0.1474	−0.259%	$161K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0543%	4h	0.1474	−0.258%	$400K	$201K	5x	as long as short