Funding arb · Price arb /

UB

all UB markets

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 −0.020%

Price spread now: OKX against Gate−0.129%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.129%, 7d avg +0.011%

Together, before fees+0.164%+$16 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 0.141% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UB_USDT	0.1469	0.0100	pay 0.0050% / 4h	22m 19s	$1.5M	$3.5M	25x
Short	OKX UB-USDT-SWAP	0.1468	0.0100	get 0.0050% / 4h	22m 19s	$1.3M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0
Price spread: −0.129% → +0.011%: −$14.05
Slippage, 4 orders: −$140.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$179.21
Costs to cover: 1.652%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	6.80 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.34 bp	26.7 bp −$27	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
Binance UBUSDT	+0.0100%	4h	0.1470	+0.061%	$3.1M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1468	−0.112%	$969K	$2.6M	20x	as long as short
OKX UB-USDT-SWAPshort	+0.0100%	4h	0.1468	−0.129%	$1.3M	$14.7M	20x
Gate UB_USDTlong	+0.0100%	4h	0.1469	long leg	$1.5M	$3.5M	25x
MEXC UB_USDT	+0.0100%	4h	0.1471	+0.088%	$672K	$681K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1471	+0.109%	$1.1M	$1.2M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1472	+0.150%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1469	−0.020%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1471	+0.131%	$421	$9K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1476	+0.430%	$37K	$267K	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	0.1471	+0.095%	$16K	$264K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1470	+0.041%	$6K	$169K	5x	as long as short
BloFin UB-USDT	+0.0113%	4h	0.1474	+0.313%	$153K	$927K	50x	as long as short
Aster UBUSDT	+0.0556%	4h	0.1473	+0.216%	$400K	$170K	5x	as long as short