Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against Gate+0.302%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1801.802% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.302%, 7d avg +0.123%

Together, before fees−0.088%−$9 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: MEXC is 0.179% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1490	0.0100	pay 0.0050% / 4h	1h 59m	$1.5M	$3.4M	25x
Short	MEXC UB_USDT	0.1495	0.0100	get 0.0050% / 4h	1h 59m	$642K	$664K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.302%Rate

Funding earned: $0
Price spread: +0.302% → +0.123%: $17.92
Slippage, 4 orders: −$157.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$162.24
Costs to cover: 1.802%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 61 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 Gate live order book, 4 min ago	5.37 bp	84.1 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	0.33 bp	9.1 bp −$9	67.6 bp −$676	231.3 bp −$23.1K	421.7 bp −$210.9K

UB on 13 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
Binance UBUSDT	+0.0100%	4h	0.1493	+0.206%	$3.2M	$16.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1493	+0.150%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1492	+0.127%	$1.4M	$15.0M	20x	as long as short
Gate UB_USDTlong	+0.0100%	4h	0.1490	long leg	$1.5M	$3.4M	25x
MEXC UB_USDTshort	+0.0100%	4h	0.1495	+0.302%	$642K	$664K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1492	+0.092%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1494	+0.228%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1495	+0.282%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1491	+0.066%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1493	+0.179%	$38K	$268K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1492	+0.094%	$17K	$236K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1492	+0.092%	$961	$170K	5x	as long as short
Aster UBUSDT	+0.0614%	4h	0.1494	+0.218%	$405K	$186K	5x	as long as short