Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC−0.060%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.060%, 7d avg −0.025%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$2 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 0.036% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1469	0.0100	pay 0.0050% / 4h	1h 49m	$645K	$691K	100x
Short	Extended UB-USD	0.1468	0.0104	get 0.0013% / 1h	49m 30s	$943	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.84
Price spread: −0.060% → −0.025%: −$3.55
Slippage, 4 orders: −$65.71
Fee MEXC: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.42
Costs to cover: 0.787%
Break-even: 685.5 days

Slippage from MEXC: live order book, 26 min ago; Extended: live order book, 32 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, 26 min ago	2.75 bp	12.3 bp −$12	73.3 bp −$733	224.9 bp −$22.5K	658.8 bp −$329.4K
Sell Extended live order book, 32 min ago	0.89 bp	16.0 bp −$16	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	0.1469	+0.043%	$3.2M	$16.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1466	−0.164%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1467	−0.089%	$1.3M	$16.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1465	−0.266%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1469	long leg	$645K	$691K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1465	−0.226%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1465	−0.266%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1469	+0.027%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	−0.138%	$92	$5K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1468	−0.011%	$37K	$259K	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	0.1466	−0.204%	$15K	$179K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1468	−0.060%	$943	$176K	5x
BloFin UB-USDT	+0.0130%	4h	0.1468	−0.027%	$160K	$1.2M	50x	as long as short
Aster UBUSDT	+0.0701%	4h	0.1468	−0.022%	$398K	$201K	5x	as long as short