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 −0.010%

Price spread now: KuCoin against edgeX−0.188%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$2932.931% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.188%, 7d avg −0.069%

Together, before fees+0.212%+ Points / potential airdropedgeX: Active · farm board+$21 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: KuCoin is 0.119% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UBUSDC	0.1493	0.0100	pay 0.0050% / 4h	1h 23m	$38K	$270K	10x
Short	KuCoin UBUSDTM	0.1491	0.0100	get 0.0050% / 4h	1h 23m	$1.0M	$979K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.069%: −$11.91
Slippage, 4 orders: −$272.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$305.06
Costs to cover: 2.931%
Break-even: never at this rate

Slippage from edgeX: live order book, 19 min ago; KuCoin: live order book, 1 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, 19 min ago	6.34 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	18.29 bp	102.5 bp −$102	821.3 bp −$8,213	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	0.1493	−0.002%	$3.1M	$14.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1491	−0.152%	$965K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	−0.096%	$1.5M	$12.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1491	−0.150%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1494	+0.011%	$699K	$652K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1491	−0.188%	$1.0M	$979K	20x
Bitget UBUSDT	+0.0100%	4h	0.1493	−0.043%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1492	−0.089%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1490	−0.201%	$425	$8K	—	as long as short
edgeX UBUSDClong	+0.0100%	4h	0.1493	long leg	$38K	$270K	10x

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	−0.009%	$16K	$309K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1493	−0.027%	$3K	$107K	5x	as long as short
BloFin UB-USDT	+0.0144%	4h	0.1496	+0.192%	$162K	$843K	50x	as long as short
Aster UBUSDT	+0.0501%	4h	0.1494	+0.051%	$405K	$115K	5x	as long as short