Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0054%/8h= +6.0% APRpaid last 24h −0.002%

Price spread now: BloFin against Extended+0.060%94s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as 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−$1061.061% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.060%, 7d avg +0.001%

Together, before fees−0.069%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.059% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 94 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	Extended UB-USD	0.1452	0.0104	pay 0.0013% / 1h	55m 36s	$3K	$217K	5x
Short	BloFin UB-USDT	0.1452	0.0158	get 0.0079% / 4h	1h 55m	$153K	$782K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $11.42
Price spread: +0.060% → +0.001%: $5.94
Slippage, 4 orders: −$89.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$88.69
Costs to cover: 1.061%
Break-even: 61.4 days

Slippage from Extended: live order book, 53 min ago; BloFin: live order book, 54 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, 53 min ago	0.55 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 54 min ago	7.91 bp	22.4 bp −$22	76.1 bp −$761	doesn't fit	doesn't fit

UB on 14 exchanges

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	0.1452	+0.033%	$3.0M	$13.4M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1450	−0.109%	$892K	$2.0M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1449	−0.167%	$1.3M	$11.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1448	−0.215%	$1.5M	$3.1M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1452	+0.053%	$577K	$608K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1449	−0.162%	$1.0M	$906K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1451	−0.071%	$2.3M	$2.8M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1450	−0.077%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1450	−0.110%	$414	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1451	−0.012%	$37K	$273K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1452	+0.053%	$16K	$359K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1452	long leg	$3K	$217K	5x
BloFin UB-USDTshort	+0.0158%	4h	0.1452	+0.060%	$153K	$782K	50x
Aster UBUSDT	+0.0312%	4h	0.1452	+0.053%	$394K	$98K	5x	as long as short