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: Bybit against Bitget+0.037%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2182.181% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.037%, 7d avg −0.118%

Together, before fees−0.142%−$14 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 0.155% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1426	0.0100	pay 0.0050% / 4h	1h 40m	$2.3M	$3.4M	50x
Short	Bybit UBUSDT	0.1427	0.0100	get 0.0050% / 4h	1h 40m	$958K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.118%: $15.48
Slippage, 4 orders: −$195.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$202.61
Costs to cover: 2.181%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago	4.86 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.58 bp	79.5 bp −$80	340.7 bp −$3,407	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	0.1426	−0.049%	$3.0M	$16.7M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1427	+0.037%	$958K	$2.6M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1424	−0.147%	$1.3M	$14.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1425	−0.091%	$1.4M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1426	−0.007%	$579K	$675K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1426	+0.016%	$1.0M	$1.3M	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1426	long leg	$2.3M	$3.4M	50x
BingX UB-USDT	+0.0100%	4h	0.1426	−0.049%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1433	+0.461%	$59	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1447	+1.481%	$37K	$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	+0.126%	$16K	$243K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1425	−0.074%	$919	$170K	5x	as long as short
BloFin UB-USDT	+0.0152%	4h	0.1436	+0.708%	$157K	$954K	50x	as long as short
Aster UBUSDT	+0.0440%	4h	0.1429	+0.229%	$388K	$186K	5x	as long as short