Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: OKX against Gate+0.350%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.350%, 7d avg +0.011%

Together, before fees−0.291%−$29 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 0.339% dearer against Gate than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1484	0.0100	pay 0.0050% / 4h	3h 26m	$1.5M	$3.5M	25x
Short	OKX UB-USDT-SWAP	0.1489	0.0100	get 0.0050% / 4h	3h 26m	$1.4M	$14.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.350%Rate

Funding earned: $0
Price spread: +0.350% → +0.011%: $33.93
Slippage, 4 orders: −$140.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$131.68
Costs to cover: 1.656%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	5.03 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.34 bp	22.5 bp −$22	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	0.1490	+0.411%	$3.1M	$16.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1488	+0.226%	$979K	$2.5M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1489	+0.350%	$1.4M	$14.1M	20x
Gate UB_USDTlong	+0.0100%	4h	0.1484	long leg	$1.5M	$3.5M	25x
MEXC UB_USDT	+0.0100%	4h	0.1490	+0.404%	$730K	$663K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1487	+0.170%	$1.0M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1490	+0.404%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1490	+0.391%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1490	+0.399%	$425	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1494	+0.650%	$38K	$268K	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	0.1491	+0.465%	$16K	$279K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1490	+0.382%	$2K	$172K	5x	as long as short
BloFin UB-USDT	+0.0134%	4h	0.1487	+0.216%	$157K	$858K	50x	as long as short
Aster UBUSDT	+0.0585%	4h	0.1489	+0.337%	$404K	$160K	5x	as long as short