Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget+0.024%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1171.174% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.024%, 7d avg −0.062%

Together, before fees−0.161%+ Points / potential airdropExtended: Active · farm board−$16 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: Extended is 0.086% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UBUSDT	0.1491	0.0100	pay 0.0050% / 4h	1h 34m	$2.4M	$2.9M	50x
Short	Extended UB-USD	0.1491	0.0104	get 0.0013% / 1h	34m 51s	$3K	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0.84
Price spread: +0.024% → −0.062%: $8.61
Slippage, 4 orders: −$100.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$107.94
Costs to cover: 1.174%
Break-even: 906.5 days

Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 7 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	6.36 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 7 min ago	0.10 bp	35.9 bp −$36	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 UBUSDT	+0.0100%	4h	0.1491	+0.047%	$3.1M	$14.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1490	−0.066%	$965K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1489	−0.080%	$1.5M	$12.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1489	−0.087%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1491	+0.047%	$702K	$649K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1490	−0.052%	$1.0M	$978K	20x	as long as short
Bitget UBUSDTlong	+0.0100%	4h	0.1491	long leg	$2.4M	$2.9M	50x
BingX UB-USDT	+0.0100%	4h	0.1490	−0.013%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1492	+0.056%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1495	+0.311%	$38K	$271K	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	0.1492	+0.067%	$16K	$305K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1491	+0.024%	$3K	$190K	5x
BloFin UB-USDT	+0.0112%	4h	0.1491	+0.040%	$160K	$841K	50x	as long as short
Aster UBUSDT	+0.0551%	4h	0.1492	+0.093%	$405K	$117K	5x	as long as short