Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0478%/8h= +52.3% APRnext payment +$2.39 per $10,000 · paid last 24h +0.111%
Price spread now: Aster against Gate+0.219%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2182.183% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.312%+$31 on $10k
Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.219%, 7d avg +0.133%
Together, before fees+0.221%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Aster is 0.086% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.133%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.312% in total (about 16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate UB_USDT0.14980.0100pay 0.0050% / 4h2h 21m$1.5M$3.4M25x
ShortAster UBUSDT0.15010.0578get 0.0289% / 4h2h 21m$407K$138K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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

Funding earned
$100.36
Price spread: +0.219% → +0.133%
$8.57
Slippage, 4 orders
−$195.31
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$109.38
Costs to cover
2.183%
Break-even
14.6 days
Slippage from Gate: live order book, 2 min ago; Aster: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago6.36 bp65.4 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 26 min ago12.28 bp35.2 bp −$35doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0090%4h0.1498+0.033%$162K$854K50xas long as short
Binance UBUSDT+0.0100%4h0.1499+0.095%$3.2M$15.5M50xas long as short
Bybit UBUSDT+0.0100%4h0.1497−0.080%$971K$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1499+0.073%$1.5M$13.4M20xas long as short
Gate UB_USDTlong+0.0100%4h0.1498long leg$1.5M$3.4M25x
MEXC UB_USDT+0.0100%4h0.1498−0.007%$695K$666K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1495−0.164%$1.1M$1.1M20xas long as short
Bitget UBUSDT+0.0100%4h0.1498+0.047%$2.4M$3.1M50xas long as short
BingX UB-USDT+0.0100%4h0.1499+0.053%$2.6Mas long as short
Variational Omni UB+0.0100%4h0.1491−0.450%$425$8Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1499+0.088%$38K$270K10xas long as short
HTX UB-USDT+0.0100%4h0.1498+0.033%$16K$294K20xas long as short
Extended UB-USD+0.0104%1h0.1499+0.074%$5K$208K5xas long as short
Aster UBUSDTshort+0.0578%4h0.1501+0.219%$407K$138K5x