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 −0.010%

Price spread now: KuCoin against BingX−0.009%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3023.021% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.123%−$12 · spread now −0.009%, 7d avg −0.039%

Together, before fees−0.169%−$17 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: KuCoin is 0.030% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UB-USDT	0.1444	0.0100	pay 0.0050% / 4h	1h 05m	—	$2.7M	—
Short	KuCoin UBUSDTM	0.1444	0.0100	get 0.0050% / 4h	1h 05m	$1.0M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.039%: $3.04
Slippage, 4 orders: −$280.06
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$299.02
Costs to cover: 3.021%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 10 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, 9 min ago	3.45 bp	25.4 bp −$25	82.3 bp −$823	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	13.55 bp	109.9 bp −$110	820.6 bp −$8,206	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	0.1445	+0.090%	$3.0M	$16.7M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1444	−0.001%	$959K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1443	−0.069%	$1.3M	$14.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1443	−0.028%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1445	+0.062%	$582K	$685K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1444	−0.009%	$1.0M	$1.2M	20x
Bitget UBUSDT	+0.0100%	4h	0.1444	0.000%	$2.3M	$3.4M	50x	as long as short
BingX UB-USDTlong	+0.0100%	4h	0.1444	long leg	—	$2.7M	—
Variational Omni UB	+0.0100%	4h	0.1443	−0.047%	$156	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1446	+0.142%	$37K	$267K	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	0.1445	+0.104%	$16K	$253K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1445	+0.064%	$929	$170K	5x	as long as short
BloFin UB-USDT	+0.0147%	4h	0.1446	+0.159%	$151K	$934K	50x	as long as short
Aster UBUSDT	+0.0450%	4h	0.1446	+0.140%	$392K	$179K	5x	as long as short