Funding arb · Price arb /

UB

all UB markets

Swap Backtest

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 −0.025%

Price spread now: OKX against Binance−0.166%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$980.979% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.209%+$21 · spread now −0.166%, 7d avg −0.074%

Together, before fees+0.154%+$15 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: OKX is 0.092% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBUSDT	0.1462	0.0100	pay 0.0050% / 4h	20m 11s	$3.1M	$16.8M	50x
Short	OKX UB-USDT-SWAP	0.1459	0.0100	get 0.0050% / 4h	20m 11s	$1.3M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → −0.074%: −$9.25
Slippage, 4 orders: −$77.91
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.15
Costs to cover: 0.979%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; OKX: 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 Binance live order book, 6 min ago	0.68 bp	24.7 bp −$25	212.9 bp −$2,129	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.34 bp	26.7 bp −$27	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 UBUSDTlong	+0.0100%	4h	0.1462	long leg	$3.1M	$16.8M	50x
Bybit UBUSDT	+0.0100%	4h	0.1459	−0.207%	$962K	$2.6M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1459	−0.166%	$1.3M	$14.7M	20x
Gate UB_USDT	+0.0100%	4h	0.1459	−0.180%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1462	−0.016%	$669K	$681K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1458	−0.237%	$1.1M	$1.2M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1460	−0.139%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1460	−0.118%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	+0.294%	$419	$9K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1473	+0.800%	$37K	$268K	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	0.1461	−0.023%	$16K	$264K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1462	−0.007%	$5K	$169K	5x	as long as short
BloFin UB-USDT	+0.0136%	4h	0.1467	+0.326%	$153K	$921K	50x	as long as short
Aster UBUSDT	+0.0534%	4h	0.1465	+0.211%	$397K	$170K	5x	as long as short