Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Gate against Extended−0.143%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$247as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2412.413% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.143%, 7d avg −0.098%

Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board−$1 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: Gate is 0.045% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1507	0.0104	pay 0.0013% / 1h	8m 58s	$6K	$172K	5x
Short	Gate UB_USDT	0.1505	0.0100	get 0.0050% / 4h	3h 08m	$1.5M	$3.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$0.84
Price spread: −0.143% → −0.098%: −$4.47
Slippage, 4 orders: −$221.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$246.61
Costs to cover: 2.413%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; Gate: live order book, 4 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, 62 min ago	0.57 bp	39.6 bp −$40	254.0 bp −$2,540	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.69 bp	79.0 bp −$79	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	+0.0051%	4h	0.1507	−0.037%	$160K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1508	+0.074%	$3.3M	$17.5M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1509	+0.116%	$1.1M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1510	+0.176%	$1.4M	$16.8M	20x	as long as short
Gate UB_USDTshort	+0.0100%	4h	0.1505	−0.143%	$1.5M	$3.6M	25x
MEXC UB_USDT	+0.0100%	4h	0.1508	+0.056%	$611K	$713K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1505	−0.179%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1510	+0.142%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1510	+0.169%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1503	−0.292%	$2K	$7K	—	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	0.1503	−0.313%	$38K	$264K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1507	+0.010%	$17K	$221K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1507	long leg	$6K	$172K	5x
Aster UBUSDT	+0.0646%	4h	0.1507	−0.039%	$409K	$199K	5x	as long as short