Funding arb · Price arb /

UB

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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: Bybit against OKX−0.045%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

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

costs, in and out, $10k−$1641.638% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.045%, 7d avg +0.057%

Together, before fees+0.162%+$16 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: Bybit is 0.102% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1482	0.0100	pay 0.0050% / 4h	24m 03s	$1.4M	$16.3M	20x
Short	Bybit UBUSDT	0.1481	0.0100	get 0.0050% / 4h	24m 03s	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.057%: −$10.2
Slippage, 4 orders: −$142.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$173.97
Costs to cover: 1.638%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	1.01 bp	21.5 bp −$21	285.1 bp −$2,851	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.68 bp	57.4 bp −$57	495.5 bp −$4,955	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	0.1483	+0.107%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1481	−0.045%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1482	long leg	$1.4M	$16.3M	20x
Gate UB_USDT	+0.0100%	4h	0.1480	−0.128%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1484	+0.115%	$645K	$700K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1480	−0.100%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1483	+0.081%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1482	+0.013%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1482	+0.036%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1481	−0.065%	$37K	$261K	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	0.1482	+0.047%	$17K	$200K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1483	+0.100%	$953	$176K	5x	as long as short
BloFin UB-USDT	+0.0140%	4h	0.1483	+0.061%	$162K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0625%	4h	0.1485	+0.202%	$403K	$205K	5x	as long as short