Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.105%

Price spread now: Aster against Extended+0.276%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.276%, 7d avg +0.034%

Together, before fees+0.165%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.242% dearer against Extended than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1472	0.0104	pay 0.0013% / 1h	13m 50s	$3K	$225K	5x
Short	Aster UBUSDT	0.1476	0.0242	get 0.0121% / 4h	3h 13m	$401K	$103K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.276%Rate

Funding earned: $28.92
Price spread: +0.276% → +0.034%: $24.2
Slippage, 4 orders: −$101.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.13
Costs to cover: 1.142%
Break-even: 21.8 days

Slippage from Extended: live order book, 18 min ago; Aster: live order book, 18 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 Extended live order book, 18 min ago	0.03 bp	39.7 bp −$40	290.0 bp −$2,900	doesn't fit	doesn't fit
Sell Aster live order book, 18 min ago	7.17 bp	29.8 bp −$30	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
BloFin UB-USDT	+0.0044%	4h	0.1475	+0.190%	$156K	$817K	50x	as long as short
KuCoin UBUSDTM	+0.0076%	4h	0.1473	+0.014%	$1.1M	$939K	20x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1473	+0.027%	$3.0M	$14.0M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1472	−0.054%	$928K	$2.1M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1471	−0.062%	$1.3M	$11.5M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1472	−0.035%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1473	+0.027%	$597K	$638K	100x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1475	+0.196%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1471	−0.062%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1471	−0.056%	$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 UBUSDC	+0.0100%	4h	0.1470	−0.189%	$37K	$273K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1473	+0.027%	$16K	$342K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1472	long leg	$3K	$225K	5x
Aster UBUSDTshort	+0.0242%	4h	0.1476	+0.276%	$401K	$103K	5x