Funding arb · Price arb /

UB

all UB markets

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 −0.059%

Price spread now: Bybit against BingX+0.053%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1451.453% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.053%, 7d avg −0.040%

Together, before fees−0.147%−$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: Bybit is 0.094% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1499	0.0100	pay 0.0050% / 4h	1m 08s	—	$2.7M	—
Short	Bybit UBUSDT	0.1500	0.0100	get 0.0050% / 4h	1m 08s	$1.1M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.040%: $9.35
Slippage, 4 orders: −$124.32
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.97
Costs to cover: 1.453%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 6 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 BingX live order book, 8 min ago	3.67 bp	19.2 bp −$19	78.6 bp −$786	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	3.66 bp	51.6 bp −$52	415.5 bp −$4,155	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
BloFin UB-USDT	+0.0073%	4h	0.1501	+0.147%	$162K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1500	+0.067%	$3.3M	$17.1M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1500	+0.053%	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1498	−0.067%	$1.4M	$16.6M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1498	−0.047%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1500	+0.053%	$660K	$716K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1499	−0.018%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1500	+0.100%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1499	long leg	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1499	+0.007%	$2K	$7K	—	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	0.1506	+0.446%	$38K	$263K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1501	+0.120%	$17K	$206K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1500	+0.047%	$967	$176K	5x	as long as short
Aster UBUSDT	+0.0639%	4h	0.1501	+0.128%	$407K	$206K	5x	as long as short