Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.148%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.148%, 7d avg −0.045%

Together, before fees+0.212%+$21 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: BingX is 0.103% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1484	0.0100	pay 0.0050% / 4h	20m 00s	$644K	$700K	100x
Short	BingX UB-USDT	0.1481	0.0100	get 0.0050% / 4h	20m 00s	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → −0.045%: −$10.29
Slippage, 4 orders: −$37.72
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.01
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from MEXC: live order book, 50 min ago; BingX: live order book, 15 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 MEXC live order book, 50 min ago	0.34 bp	9.7 bp −$10	69.2 bp −$692	246.6 bp −$24.7K	doesn't fit
Sell BingX live order book, 15 min ago	3.72 bp	19.0 bp −$19	65.4 bp −$654	695.3 bp −$69.5K	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	+0.0072%	4h	0.1483	−0.034%	$161K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1483	−0.024%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1482	−0.121%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1481	−0.195%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1480	−0.249%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1484	long leg	$644K	$700K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1480	−0.231%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1483	−0.034%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1481	−0.148%	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1482	−0.108%	$2K	$7K	—	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	0.1483	−0.051%	$37K	$262K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1483	−0.013%	$17K	$201K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1482	−0.093%	$953	$176K	5x	as long as short
Aster UBUSDT	+0.0625%	4h	0.1484	+0.034%	$402K	$205K	5x	as long as short