Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended−0.167%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on Extended Short on Bitget

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)+0.306%+$31 · spread now −0.167%, 7d avg +0.066%

Together, before fees+0.298%+ Points / potential airdropExtended: Active · farm board+$30 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: Bitget is 0.233% cheaper against Extended than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1486	0.0104	pay 0.0013% / 1h	28m 10s	$957	$176K	5x
Short	Bitget UBUSDT	0.1484	0.0100	get 0.0050% / 4h	1h 28m	$2.4M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$0.84
Price spread: −0.167% → +0.066%: −$23.31
Slippage, 4 orders: −$92.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$134.11
Costs to cover: 1.100%
Break-even: never at this rate

Slippage from Extended: live order book, 53 min ago; Bitget: live order book, 5 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 Extended live order book, 53 min ago	0.89 bp	31.6 bp −$32	254.8 bp −$2,548	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.71 bp	34.0 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
Binance UBUSDT	+0.0100%	4h	0.1486	−0.039%	$3.2M	$16.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1484	−0.150%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1484	−0.140%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1484	−0.154%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1486	−0.046%	$661K	$703K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1484	−0.148%	$1.1M	$1.4M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1484	−0.167%	$2.4M	$3.5M	50x
BingX UB-USDT	+0.0100%	4h	0.1485	−0.080%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1485	−0.116%	$93	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1491	+0.273%	$38K	$260K	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	0.1488	+0.122%	$16K	$184K	20x	as long as short
BloFin UB-USDT	+0.0102%	4h	0.1484	−0.167%	$161K	$1.1M	50x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1486	long leg	$957	$176K	5x
Aster UBUSDT	+0.0750%	4h	0.1486	−0.001%	$403K	$203K	5x	as long as short