Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended−0.323%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2352.353% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.323%, 7d avg −0.063%

Together, before fees+0.331%+ Points / potential airdropExtended: Active · farm board+$33 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 0.260% cheaper against Extended than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1470	0.0104	pay 0.0013% / 1h	52m 07s	$3K	$225K	5x
Short	Bybit UBUSDT	0.1465	0.0100	get 0.0050% / 4h	3h 52m	$938K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.323%Rate

Funding earned: −$0.84
Price spread: −0.323% → −0.063%: −$26
Slippage, 4 orders: −$219.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$262.11
Costs to cover: 2.353%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; Bybit: live order book, 5 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, 44 min ago	0.88 bp	36.8 bp −$37	291.9 bp −$2,919	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.12 bp	80.9 bp −$81	415.3 bp −$4,153	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
Gate UB_USDT	−0.0700%	4h	0.1466	−0.296%	$1.5M	$3.2M	25x	as long as short
KuCoin UBUSDTM	+0.0072%	4h	0.1468	−0.127%	$1.1M	$978K	20x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1467	−0.194%	$3.0M	$14.3M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1465	−0.323%	$938K	$2.2M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1465	−0.350%	$1.4M	$11.5M	20x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1469	−0.105%	$660K	$613K	100x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1465	−0.364%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1465	−0.330%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1471	+0.028%	$419	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1472	+0.138%	$37K	$272K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1471	+0.031%	$16K	$332K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1470	long leg	$3K	$225K	5x
BloFin UB-USDT	+0.0155%	4h	0.1473	+0.187%	$159K	$821K	50x	as long as short
Aster UBUSDT	+0.0177%	4h	0.1469	−0.092%	$399K	$113K	5x	as long as short