Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: KuCoin against Extended−0.361%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$362as in the Funding arb table

Net, price: spread back to 7d avg − costs−$394as in the Price arb table

costs, in and out, $10k−$3663.656% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.361%, 7d avg −0.080%

Together, before fees+0.317%+ Points / potential airdropExtended: Active · farm board+$32 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: KuCoin is 0.281% cheaper against Extended than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1498	0.0104	pay 0.0013% / 1h	44m 25s	$3K	$210K	5x
Short	KuCoin UBUSDTM	0.1493	0.0100	get 0.0050% / 4h	1h 44m	$1.0M	$982K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.361%Rate

Funding earned: −$0.84
Price spread: −0.361% → −0.080%: −$28.07
Slippage, 4 orders: −$348.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$394.52
Costs to cover: 3.656%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; KuCoin: live order book, 10 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, 62 min ago	0.60 bp	33.4 bp −$33	301.6 bp −$3,016	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	6.70 bp	127.9 bp −$128	860.0 bp −$8,600	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	0.1498	−0.016%	$3.1M	$14.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1495	−0.258%	$968K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1499	+0.047%	$1.5M	$12.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1494	−0.333%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1498	−0.060%	$705K	$643K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1493	−0.361%	$1.0M	$982K	20x
Bitget UBUSDT	+0.0100%	4h	0.1498	−0.013%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1499	+0.020%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	−0.504%	$426	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1494	−0.315%	$38K	$272K	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	0.1492	−0.454%	$16K	$303K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1498	long leg	$3K	$210K	5x
BloFin UB-USDT	+0.0113%	4h	0.1491	−0.474%	$160K	$841K	50x	as long as short
Aster UBUSDT	+0.0591%	4h	0.1496	−0.173%	$406K	$119K	5x	as long as short