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 0.000%

Price spread now: Bitget against MEXC−0.081%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.081%, 7d avg +0.037%

Together, before fees+0.147%+$15 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: Bitget is 0.118% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1487	0.0100	pay 0.0050% / 4h	2h 31m	$696K	$664K	100x
Short	Bitget UBUSDT	0.1485	0.0100	get 0.0050% / 4h	2h 31m	$2.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.037%: −$11.75
Slippage, 4 orders: −$59.45
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$91.2
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bitget: live order book, 1 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, 9 min ago	1.34 bp	10.6 bp −$11	54.7 bp −$547	233.3 bp −$23.3K	doesn't fit
Sell Bitget live order book, 1 min ago	6.73 bp	29.8 bp −$30	116.6 bp −$1,166	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	0.1486	−0.067%	$3.1M	$15.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1485	−0.103%	$964K	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1484	−0.155%	$1.4M	$13.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1483	−0.235%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1487	long leg	$696K	$664K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1483	−0.222%	$1.0M	$1.1M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1485	−0.081%	$2.4M	$3.3M	50x
BingX UB-USDT	+0.0100%	4h	0.1484	−0.155%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1499	+0.795%	$428	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1500	+0.897%	$38K	$270K	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	0.1487	+0.013%	$16K	$291K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1485	−0.113%	$1K	$203K	5x	as long as short
BloFin UB-USDT	+0.0129%	4h	0.1487	0.000%	$161K	$849K	50x	as long as short
Aster UBUSDT	+0.0528%	4h	0.1486	−0.067%	$403K	$150K	5x	as long as short