UB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.6% APRnext payment −$0.26 per $10,000 · paid last 24h +0.001%

Price spread now: Bitget against BloFin−0.040%65s7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.127% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.040%, 7d avg +0.055%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.096% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.055%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UB-USDT	0.1486	0.0152	pay 0.0076% / 4h	3h 50m	$155K	$858K	50x
Short	Bitget UBUSDT	0.1485	0.0100	get 0.0050% / 4h	3h 50m	$2.4M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$10.83
Price spread: −0.040% → +0.055%: −$9.55
Slippage, 4 orders: −$88.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$133.04
Costs to cover: 1.127%
Break-even: never at this rate

Slippage from BloFin: live order book, 47 min ago; Bitget: live order book, 3 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 BloFin live order book, 47 min ago	1.36 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.71 bp	29.1 bp −$29	114.5 bp −$1,145	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	0.1484	−0.113%	$3.1M	$16.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1484	−0.132%	$977K	$2.5M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1486	−0.007%	$1.3M	$14.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1484	−0.108%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1485	−0.054%	$682K	$651K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1483	−0.160%	$1.1M	$1.2M	20x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1485	−0.040%	$2.4M	$3.2M	50x
Variational Omni UB	+0.0100%	4h	0.1484	−0.135%	$424	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1486	+0.006%	$38K	$268K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1485	−0.047%	$16K	$272K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended UB-USD	+0.0104%	1h	0.1484	−0.083%	$6K	$169K	5x	as long as short
BloFin UB-USDTlong	+0.0152%	4h	0.1486	long leg	$155K	$858K	50x
BingX UB-USDT	+0.0266%	4h	0.1485	−0.061%	—	$2.7M	—	as long as short
Aster UBUSDT	+0.0577%	4h	0.1489	+0.206%	$404K	$161K	5x	as long as short