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 +0.018%

Price spread now: BingX against OKX−0.013%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.013%, 7d avg +0.049%

Together, before fees+0.137%+$14 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 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1486	0.0100	pay 0.0050% / 4h	2h 30m	$1.4M	$13.7M	20x
Short	BingX UB-USDT	0.1486	0.0100	get 0.0050% / 4h	2h 30m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.049%: −$6.26
Slippage, 4 orders: −$85.2
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$111.46
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 4 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 OKX live order book, 3 min ago	1.01 bp	25.8 bp −$26	467.1 bp −$4,671	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.02 bp	25.9 bp −$26	77.1 bp −$771	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	0.1487	+0.067%	$3.1M	$15.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1485	−0.083%	$964K	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1486	long leg	$1.4M	$13.7M	20x
Gate UB_USDT	+0.0100%	4h	0.1483	−0.168%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1486	+0.020%	$693K	$664K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1483	−0.228%	$1.0M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1485	−0.034%	$2.4M	$3.3M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1486	−0.013%	—	$2.6M	—
Variational Omni UB	+0.0100%	4h	0.1481	−0.325%	$424	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1486	+0.002%	$38K	$271K	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	+0.040%	$16K	$292K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1486	+0.013%	$1K	$203K	5x	as long as short
BloFin UB-USDT	+0.0109%	4h	0.1484	−0.141%	$161K	$847K	50x	as long as short
Aster UBUSDT	+0.0530%	4h	0.1484	−0.111%	$403K	$150K	5x	as long as short