Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX+0.341%73s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as 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−$860.861% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.435%−$44 · spread now +0.341%, 7d avg +0.010%

Together, before fees−0.427%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$43 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 0.331% dearer against edgeX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 73 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	0.1451	0.0100	pay 0.0050% / 4h	1h 52m	$37K	$273K	10x
Short	Extended UB-USD	0.1456	0.0104	get 0.0013% / 1h	52m 18s	$3K	$217K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.341%Rate

Funding earned: $0.84
Price spread: +0.341% → +0.010%: $33.07
Slippage, 4 orders: −$72.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$52.23
Costs to cover: 0.861%
Break-even: 442.2 days

Slippage from edgeX: live order book, 58 min ago; Extended: live order book, 57 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, 58 min ago	6.53 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	0.55 bp	33.0 bp −$33	doesn't fit	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	+0.0048%	4h	0.1453	+0.127%	$152K	$779K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1457	+0.375%	$3.0M	$13.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1455	+0.270%	$894K	$2.0M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1453	+0.141%	$1.3M	$11.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1453	+0.106%	$1.5M	$3.1M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1457	+0.375%	$578K	$608K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1452	+0.014%	$1.0M	$905K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1455	+0.258%	$2.3M	$2.8M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1455	+0.258%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1450	−0.098%	$414	$8K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDClong	+0.0100%	4h	0.1451	long leg	$37K	$273K	10x
HTX UB-USDT	+0.0100%	4h	0.1459	+0.527%	$16K	$360K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1456	+0.341%	$3K	$217K	5x
Aster UBUSDT	+0.0307%	4h	0.1455	+0.278%	$395K	$98K	5x	as long as short