Funding arb · Price arb /

UB

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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: Bybit against edgeX−0.154%81s7-day average −0.057% · 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—prices read too far apart to compare

costs, in and out, $10k−$2152.153% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.154%, 7d avg −0.057%

Together, before fees−0.149%+ Points / potential airdropedgeX: Active · farm board−$15 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: Bybit is 0.097% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 81 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	0.1485	0.0100	pay 0.0050% / 4h	40m 06s	$38K	$271K	10x
Short	Bybit UBUSDT	0.1482	0.0100	get 0.0050% / 4h	40m 06s	$955K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.154%Rate

Funding earned: $0
Price spread: −0.154% → −0.057%: −$9.7
Slippage, 4 orders: −$195.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$224.99
Costs to cover: 2.153%
Break-even: never at this rate

Slippage from edgeX: live order book, 63 min ago; Bybit: 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, 63 min ago	6.34 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.04 bp	80.9 bp −$81	458.4 bp −$4,584	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
BloFin UB-USDT	+0.0060%	4h	0.1484	−0.006%	$161K	$834K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1483	−0.089%	$3.1M	$14.3M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1482	−0.154%	$955K	$2.2M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1480	−0.282%	$1.4M	$11.7M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1481	−0.228%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1483	−0.100%	$686K	$619K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1482	−0.206%	$1.0M	$967K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1483	−0.107%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1481	−0.222%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1482	−0.150%	$424	$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	0.1485	long leg	$38K	$271K	10x
HTX UB-USDT	+0.0100%	4h	0.1484	−0.067%	$16K	$319K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1484	−0.073%	$5K	$196K	5x	as long as short
Aster UBUSDT	+0.0355%	4h	0.1485	+0.003%	$403K	$114K	5x	as long as short