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 0.000%

Price spread now: Binance against Bitget−0.195%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.195%, 7d avg −0.071%

Together, before fees+0.099%+$10 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: Binance is 0.125% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1429	0.0100	pay 0.0050% / 4h	1h 39m	$2.3M	$3.4M	50x
Short	Binance UBUSDT	0.1426	0.0100	get 0.0050% / 4h	1h 39m	$3.0M	$16.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.195%Rate

Funding earned: $0
Price spread: −0.195% → −0.071%: −$12.46
Slippage, 4 orders: −$73.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.54
Costs to cover: 0.951%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 17 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 Bitget live order book, 4 min ago	4.86 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 17 min ago	0.34 bp	21.7 bp −$22	78.6 bp −$786	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 UBUSDTshort	+0.0100%	4h	0.1426	−0.195%	$3.0M	$16.8M	50x
Bybit UBUSDT	+0.0100%	4h	0.1426	−0.182%	$956K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1425	−0.252%	$1.3M	$14.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1425	−0.259%	$1.4M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1429	−0.007%	$579K	$675K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1429	−0.009%	$1.0M	$1.3M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1429	long leg	$2.3M	$3.4M	50x
BingX UB-USDT	+0.0100%	4h	0.1426	−0.224%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1433	+0.264%	$59	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1436	+0.486%	$36K	$266K	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	0.1428	−0.070%	$16K	$243K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1426	−0.183%	$919	$170K	5x	as long as short
BloFin UB-USDT	+0.0150%	4h	0.1426	−0.217%	$156K	$945K	50x	as long as short
Aster UBUSDT	+0.0440%	4h	0.1427	−0.151%	$387K	$186K	5x	as long as short