Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against edgeX−0.387%114s7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as 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−$690.686% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.387%, 7d avg +0.068%

Together, before fees+0.220%+ Points / potential airdropedgeX: Active · farm board+$22 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: Bitget is 0.455% cheaper against edgeX than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 114 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	edgeX UBUSDC	0.1475	0.0100	pay 0.0050% / 4h	3h 55m	$37K	$271K	10x
Short	Bitget UBUSDT	0.1469	0.0100	get 0.0050% / 4h	3h 55m	$2.4M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.387%Rate

Funding earned: $0
Price spread: −0.387% → +0.068%: −$45.51
Slippage, 4 orders: −$47.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.09
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; Bitget: live order book, 2 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 edgeX live order book, 42 min ago	5.74 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.06 bp	20.1 bp −$20	81.9 bp −$819	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
KuCoin UBUSDTM	+0.0070%	4h	0.1468	−0.458%	$1.1M	$975K	20x	as long as short
BloFin UB-USDT	+0.0075%	4h	0.1471	−0.244%	$160K	$821K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1471	−0.299%	$3.0M	$14.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1468	−0.452%	$941K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1468	−0.475%	$1.4M	$11.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1467	−0.509%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1470	−0.353%	$661K	$612K	100x	as long as short
Bitget UBUSDTshort	+0.0100%	4h	0.1469	−0.387%	$2.4M	$2.9M	50x
BingX UB-USDT	+0.0100%	4h	0.1469	−0.400%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1471	−0.302%	$419	$8K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX UBUSDClong	+0.0100%	4h	0.1475	long leg	$37K	$271K	10x
HTX UB-USDT	+0.0100%	4h	0.1473	−0.156%	$16K	$331K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1470	−0.325%	$3K	$225K	5x	as long as short
Aster UBUSDT	+0.0179%	4h	0.1471	−0.265%	$399K	$113K	5x	as long as short