Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.093%

Price spread now: OKX against Extended−0.183%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1211.213% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.183%, 7d avg −0.117%

Together, before fees+0.082%+ Points / potential airdropExtended: Active · farm board+$8 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: OKX is 0.066% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended UB-USD	0.1456	0.0104	pay 0.0013% / 1h	5m 13s	$938	$176K	5x
Short	OKX UB-USDT-SWAP	0.1454	0.0100	get 0.0050% / 4h	5m 13s	$1.4M	$15.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$0.84
Price spread: −0.183% → −0.117%: −$6.55
Slippage, 4 orders: −$106.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$128.65
Costs to cover: 1.213%
Break-even: never at this rate

Slippage from Extended: live order book, 25 min ago; OKX: live order book, 3 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, 25 min ago	0.57 bp	30.7 bp −$31	255.6 bp −$2,556	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.73 bp	15.8 bp −$16	304.0 bp −$3,040	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	+0.0058%	4h	0.1459	+0.167%	$159K	$1.2M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1456	−0.025%	$3.2M	$16.2M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1454	−0.184%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1454	−0.183%	$1.4M	$15.6M	20x
Gate UB_USDT	+0.0100%	4h	0.1453	−0.204%	$1.5M	$3.3M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1455	−0.080%	$576K	$687K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1454	−0.134%	$1.0M	$1.5M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1455	−0.080%	$2.4M	$3.6M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1455	−0.101%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1452	−0.307%	$90	$838	—	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	0.1454	−0.197%	$37K	$256K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1457	+0.016%	$15K	$142K	20x	as long as short
Extended UB-USDlong	+0.0104%	1h	0.1456	long leg	$938	$176K	5x
Aster UBUSDT	+0.0742%	4h	0.1458	+0.146%	$395K	$193K	5x	as long as short