Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0379%/8h= +41.5% APRnext payment +$1.90 per $10,000 · paid last 24h +0.094%
Price spread now: Aster against Bybit+0.124%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2212.208% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.274%+$27 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.124%, 7d avg +0.094%
Together, before fees+0.118%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UBUSDT0.14520.0100pay 0.0050% / 4h45m 50s$961K$2.6M20x
ShortAster UBUSDT0.14540.0479get 0.0240% / 4h45m 50s$395K$170K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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

Funding earned
$79.61
Price spread: +0.124% → +0.094%
$3.01
Slippage, 4 orders
−$201.79
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$138.17
Costs to cover
2.208%
Break-even
19.1 days
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago4.48 bp73.2 bp −$73820.6 bp −$8,206doesn't fitdoesn't fit
Sell Aster live order book, 11 min ago11.62 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UBUSDT+0.0100%4h0.1453+0.057%$3.0M$16.7M50xas long as short
Bybit UBUSDTlong+0.0100%4h0.1452long leg$961K$2.6M20x
OKX UB-USDT-SWAP+0.0100%4h0.1451−0.076%$1.3M$14.5M20xas long as short
Gate UB_USDT+0.0100%4h0.1451−0.096%$1.5M$3.5M25xas long as short
MEXC UB_USDT+0.0100%4h0.1454+0.103%$635K$674K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1453+0.069%$1.1M$1.2M20xas long as short
Bitget UBUSDT+0.0100%4h0.1453+0.034%$2.3M$3.4M50xas long as short
BingX UB-USDT+0.0100%4h0.14520.000%$2.7Mas long as short
Variational Omni UB+0.0100%4h0.1452−0.005%$31$8Kas long as short
edgeX UBUSDC+0.0100%4h0.1452−0.006%$37K$268K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX UB-USDT+0.0100%4h0.1454+0.124%$16K$258K20xas long as short
Extended UB-USD+0.0104%1h0.1454+0.120%$5K$169K5xas long as short
BloFin UB-USDT+0.0127%4h0.1453+0.034%$152K$927K50xas long as short
Aster UBUSDTshort+0.0479%4h0.1454+0.124%$395K$170K5x