Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%

Price spread now: Gate against Bybit−0.062%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2682.681% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.062%, 7d avg −0.036%

Together, before fees−0.116%−$12 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: Gate is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UBUSDT	0.1487	0.0100	pay 0.0050% / 4h	48m 56s	$1.1M	$2.4M	20x
Short	Gate UB_USDT	0.1486	0.0100	get 0.0050% / 4h	48m 56s	$1.5M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.036%: −$2.6
Slippage, 4 orders: −$242.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.68
Costs to cover: 2.681%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	4.38 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.36 bp	76.3 bp −$76	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	0.1490	+0.167%	$3.2M	$16.8M	50x	as long as short
Bybit UBUSDTlong	+0.0100%	4h	0.1487	long leg	$1.1M	$2.4M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1487	−0.001%	$1.4M	$16.3M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1486	−0.062%	$1.5M	$3.4M	25x
MEXC UB_USDT	+0.0100%	4h	0.1492	+0.301%	$645K	$692K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1487	−0.048%	$1.0M	$1.4M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1491	+0.234%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1489	+0.079%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1485	−0.145%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1488	+0.042%	$38K	$261K	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	+0.308%	$16K	$194K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1491	+0.230%	$957	$176K	5x	as long as short
BloFin UB-USDT	+0.0155%	4h	0.1484	−0.196%	$160K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0655%	4h	0.1486	−0.065%	$403K	$204K	5x	as long as short