Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit−0.048%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2212.207% of the position

Long on Bybit Short on Binance

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+0.064%+$6 · spread now −0.048%, 7d avg +0.049%

Together, before fees+0.094%+$9 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: Binance is 0.097% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1492	0.0100	pay 0.0050% / 4h	2h 13m	$968K	$2.4M	20x
Short	Binance UBUSDT	0.1491	0.0100	get 0.0050% / 4h	2h 13m	$3.1M	$15.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.049%: −$9.72
Slippage, 4 orders: −$199.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$230.45
Costs to cover: 2.207%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 13 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 Bybit live order book, 4 min ago	3.67 bp	85.1 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.67 bp	24.4 bp −$24	98.3 bp −$983	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 UBUSDTshort	+0.0100%	4h	0.1491	−0.048%	$3.1M	$15.3M	50x
Bybit UBUSDTlong	+0.0100%	4h	0.1492	long leg	$968K	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	+0.005%	$1.5M	$13.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1493	+0.039%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1492	−0.001%	$715K	$678K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1492	−0.007%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1494	+0.146%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1492	−0.001%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1495	+0.203%	$427	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1493	+0.086%	$38K	$272K	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	0.1493	+0.072%	$16K	$296K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1493	+0.045%	$5K	$208K	5x	as long as short
BloFin UB-USDT	+0.0119%	4h	0.1493	+0.072%	$160K	$849K	50x	as long as short
Aster UBUSDT	+0.0566%	4h	0.1494	+0.122%	$405K	$132K	5x	as long as short