Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against MEXC−0.239%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1631.631% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.239%, 7d avg −0.128%

Together, before fees−0.039%−$4 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: Gate is 0.111% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1465	0.0100	pay 0.0050% / 4h	3h 32m	$630K	$622K	100x
Short	Gate UB_USDT	0.1462	0.0100	get 0.0050% / 4h	3h 32m	$1.5M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → −0.128%: −$11.1
Slippage, 4 orders: −$140.08
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$174.18
Costs to cover: 1.631%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Gate: live order book, 5 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, 58 min ago	0.34 bp	9.1 bp −$9	67.9 bp −$679	230.5 bp −$23.0K	566.7 bp −$283.3K
Sell Gate live order book, 5 min ago	4.45 bp	83.8 bp −$84	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
KuCoin UBUSDTM	+0.0028%	4h	0.1461	−0.275%	$1.1M	$978K	20x	as long as short
BloFin UB-USDT	+0.0055%	4h	0.1463	−0.123%	$157K	$813K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1465	+0.006%	$3.0M	$14.2M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1463	−0.124%	$930K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1464	−0.109%	$1.3M	$11.4M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1462	−0.239%	$1.5M	$3.2M	25x
MEXC UB_USDTlong	+0.0100%	4h	0.1465	long leg	$630K	$622K	100x
Bitget UBUSDT	+0.0100%	4h	0.1464	−0.116%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1464	−0.116%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1463	−0.126%	$418	$8K	—	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	0.1465	−0.011%	$37K	$273K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1465	−0.041%	$16K	$337K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1465	−0.007%	$3K	$225K	5x	as long as short
Aster UBUSDT	+0.0142%	4h	0.1465	+0.008%	$398K	$112K	5x	as long as short