Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.083%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1621.622% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.083%, 7d avg −0.091%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance UBUSDT0.15130.0100pay 0.0050% / 4h3h 08m$3.3M$17.6M50x
ShortBybit UBUSDT0.15120.0100get 0.0050% / 4h3h 08m$1.1M$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
$0
Price spread: −0.083% → −0.091%
$0.79
Slippage, 4 orders
−$141.22
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$161.43
Costs to cover
1.622%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago1.67 bp22.0 bp −$22151.2 bp −$1,512doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.00 bp62.7 bp −$63288.7 bp −$2,887doesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0051%4h0.1507−0.416%$160K$1.1M50xas long as short
Binance UBUSDTlong+0.0100%4h0.1513long leg$3.3M$17.6M50x
Bybit UBUSDTshort+0.0100%4h0.1512−0.083%$1.1M$2.6M20x
OKX UB-USDT-SWAP+0.0100%4h0.1512−0.059%$1.4M$16.8M20xas long as short
Gate UB_USDT+0.0100%4h0.1510−0.172%$1.5M$3.6M25xas long as short
MEXC UB_USDT+0.0100%4h0.1513−0.026%$615K$714K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1511−0.167%$1.1M$1.3M20xas long as short
Bitget UBUSDT+0.0100%4h0.1511−0.112%$2.4M$3.6M50xas long as short
BingX UB-USDT+0.0100%4h0.1512−0.073%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1503−0.671%$2K$7Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1503−0.691%$38K$264K10xas long as short
HTX UB-USDT+0.0100%4h0.1514+0.053%$17K$221K20xas long as short
Extended UB-USD+0.0104%1h0.1513−0.024%$6K$172K5xas long as short
Aster UBUSDT+0.0646%4h0.1507−0.371%$409K$199K5xas long as short