Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended−0.065%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.065%, 7d avg −0.018%

Together, before fees+0.190%+ Points / potential airdropExtended: Active · farm board+$19 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: BingX is 0.047% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1494	0.0104	pay 0.0013% / 1h	13m 23s	$5K	$208K	5x
Short	BingX UB-USDT	0.1493	0.0100	get 0.0050% / 4h	2h 13m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.84
Price spread: −0.065% → −0.018%: −$4.67
Slippage, 4 orders: −$80.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.86
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Extended: live order book, 33 min ago; BingX: live order book, 6 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, 33 min ago	0.60 bp	33.4 bp −$33	301.6 bp −$3,016	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.66 bp	22.5 bp −$23	66.4 bp −$664	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	+0.0095%	4h	0.1493	−0.058%	$160K	$849K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1493	−0.018%	$3.1M	$15.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1492	−0.079%	$968K	$2.4M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1493	−0.052%	$1.5M	$13.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1493	−0.045%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1494	+0.015%	$716K	$678K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1492	−0.115%	$1.1M	$1.1M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1494	+0.049%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1493	−0.065%	—	$2.6M	—
Variational Omni UB	+0.0100%	4h	0.1495	+0.099%	$427	$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	0.1493	−0.018%	$38K	$272K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1497	+0.256%	$17K	$295K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1494	long leg	$5K	$208K	5x
Aster UBUSDT	+0.0566%	4h	0.1495	+0.063%	$406K	$132K	5x	as long as short