Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: KuCoin against Extended−0.199%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$315as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3183.184% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.199%, 7d avg −0.081%

Together, before fees+0.103%+ Points / potential airdropExtended: Active · farm board+$10 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: KuCoin is 0.118% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1491	0.0104	pay 0.0013% / 1h	46m 27s	$6K	$169K	5x
Short	KuCoin UBUSDTM	0.1488	0.0100	get 0.0050% / 4h	3h 46m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$0.84
Price spread: −0.199% → −0.081%: −$11.8
Slippage, 4 orders: −$301.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$331
Costs to cover: 3.184%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; KuCoin: 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, 5 min ago	0.40 bp	41.9 bp −$42	263.4 bp −$2,634	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	16.82 bp	94.6 bp −$95	820.3 bp −$8,203	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	+0.0097%	4h	0.1495	+0.277%	$155K	$863K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1492	+0.073%	$3.1M	$15.9M	50x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	+0.055%	$1.3M	$14.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1489	−0.092%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1492	+0.062%	$680K	$653K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1488	−0.199%	$1.1M	$1.1M	20x
Bitget UBUSDT	+0.0100%	4h	0.1489	−0.099%	$2.4M	$3.2M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1491	+0.042%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1484	−0.469%	$424	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1482	−0.557%	$37K	$269K	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	0.1494	+0.189%	$16K	$273K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1491	long leg	$6K	$169K	5x
Bybit UBUSDT	+0.0278%	4h	0.1490	−0.052%	$981K	$2.5M	20x	as long as short
Aster UBUSDT	+0.0584%	4h	0.1490	−0.052%	$404K	$161K	5x	as long as short