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: Extended against KuCoin+0.112%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3383.376% of the position

Long on KuCoin Short on Extended

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)−0.030%−$3 · spread now +0.112%, 7d avg +0.080%

Together, before fees−0.069%+ 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: Extended is 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 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	KuCoin UBUSDTM	0.1482	0.0100	pay 0.0050% / 4h	1h 16m	$1.0M	$980K	20x
Short	Extended UB-USD	0.1484	0.0104	get 0.0013% / 1h	16m 24s	$3K	$104K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0.84
Price spread: +0.112% → +0.080%: $3.22
Slippage, 4 orders: −$320.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$333.58
Costs to cover: 3.376%
Break-even: 2786.8 days

Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 25 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 KuCoin live order book, 8 min ago	18.29 bp	159.7 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	0.10 bp	35.9 bp −$36	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	0.1484	+0.088%	$3.1M	$14.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1482	+0.001%	$959K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1483	+0.055%	$1.4M	$11.9M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1482	−0.032%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1484	+0.109%	$695K	$653K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1482	long leg	$1.0M	$980K	20x
Bitget UBUSDT	+0.0100%	4h	0.1483	+0.062%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1484	+0.082%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1487	+0.348%	$425	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1489	+0.478%	$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	0.1491	+0.561%	$16K	$311K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1484	+0.112%	$3K	$104K	5x
BloFin UB-USDT	+0.0121%	4h	0.1489	+0.487%	$161K	$839K	50x	as long as short
Aster UBUSDT	+0.0474%	4h	0.1486	+0.254%	$403K	$115K	5x	as long as short