Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.004%

Price spread now: Extended against BloFin+0.166%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

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

costs, in and out, $10k−$1251.245% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.166%, 7d avg −0.002%

Together, before fees−0.154%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.169% dearer against BloFin than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of −0.002%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UB-USDT	0.1461	0.0141	pay 0.0071% / 4h	19m 12s	$152K	$916K	50x
Short	Extended UB-USD	0.1463	0.0104	get 0.0013% / 1h	19m 12s	$5K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$7.79
Price spread: +0.166% → −0.002%: $16.87
Slippage, 4 orders: −$107.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$115.45
Costs to cover: 1.245%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; Extended: live order book, 37 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, 18 min ago	1.36 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 37 min ago	0.48 bp	39.7 bp −$40	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	0.1463	+0.151%	$3.1M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1460	−0.084%	$963K	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1462	+0.089%	$1.3M	$14.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1460	−0.041%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1463	+0.164%	$672K	$682K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1460	−0.092%	$1.1M	$1.2M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1462	+0.103%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1462	+0.075%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1466	+0.344%	$419	$9K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1473	+0.851%	$37K	$268K	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	0.1463	+0.164%	$16K	$265K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1463	+0.166%	$5K	$169K	5x
BloFin UB-USDTlong	+0.0141%	4h	0.1461	long leg	$152K	$916K	50x
Aster UBUSDT	+0.0534%	4h	0.1460	−0.047%	$396K	$170K	5x	as long as short