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 −0.019%

Price spread now: OKX against Extended−0.170%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.170%, 7d avg −0.111%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · farm board+$7 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: OKX is 0.060% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1492	0.0104	pay 0.0013% / 1h	46m 11s	$3K	$210K	5x
Short	OKX UB-USDT-SWAP	0.1490	0.0100	get 0.0050% / 4h	1h 46m	$1.4M	$12.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$0.84
Price spread: −0.170% → −0.111%: −$5.97
Slippage, 4 orders: −$85.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.59
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; OKX: 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 Extended live order book, 60 min ago	0.60 bp	33.4 bp −$33	301.6 bp −$3,016	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.34 bp	23.8 bp −$24	302.8 bp −$3,028	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
BloFin UB-USDT	+0.0053%	4h	0.1494	+0.104%	$161K	$843K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1492	−0.036%	$3.1M	$14.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1491	−0.099%	$965K	$2.2M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1490	−0.170%	$1.4M	$12.2M	20x
Gate UB_USDT	+0.0100%	4h	0.1489	−0.197%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1491	−0.056%	$702K	$643K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1491	−0.101%	$1.0M	$984K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1490	−0.144%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1490	−0.117%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1488	−0.261%	$426	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDC	+0.0100%	4h	0.1487	−0.330%	$38K	$271K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1493	+0.071%	$16K	$303K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1492	long leg	$3K	$210K	5x
Aster UBUSDT	+0.0606%	4h	0.1494	+0.116%	$405K	$119K	5x	as long as short