Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Bybit against Extended−0.110%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2192.191% of the position

Long on Extended Short on Bybit

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)+0.213%+$21 · spread now −0.110%, 7d avg −0.059%

Together, before fees+0.176%+ Points / potential airdropExtended: Active · farm board+$18 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: Bybit is 0.051% cheaper against Extended than usual: you would sell low and buy high, −$5 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	Extended UB-USD	0.1466	0.0104	pay 0.0013% / 1h	9m 20s	$943	$176K	5x
Short	Bybit UBUSDT	0.1464	0.0100	get 0.0050% / 4h	2h 09m	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$0.84
Price spread: −0.110% → −0.059%: −$5.13
Slippage, 4 orders: −$203.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$225.12
Costs to cover: 2.191%
Break-even: never at this rate

Slippage from Extended: live order book, 12 min ago; Bybit: live order book, 8 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, 12 min ago	0.89 bp	31.6 bp −$32	254.8 bp −$2,548	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	3.43 bp	80.6 bp −$81	369.5 bp −$3,695	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	0.1466	+0.010%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1464	−0.110%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1465	−0.086%	$1.4M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1464	−0.147%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1466	+0.003%	$663K	$705K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1463	−0.234%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1467	+0.044%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1465	−0.058%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1463	−0.225%	$91	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1465	−0.042%	$37K	$258K	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	+0.017%	$16K	$174K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1466	long leg	$943	$176K	5x
BloFin UB-USDT	+0.0142%	4h	0.1465	−0.045%	$159K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0711%	4h	0.1467	+0.045%	$398K	$201K	5x	as long as short