Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against KuCoin+0.196%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$332as in the Funding arb table

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3283.278% of the position

Long on KuCoin Short on Extended

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)−0.107%−$11 · spread now +0.196%, 7d avg +0.081%

Together, before fees−0.145%+ Points / potential airdropExtended: Active · farm board−$15 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: Extended is 0.115% dearer against KuCoin than usual: you sell high and buy low, +$11 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	KuCoin UBUSDTM	0.1485	0.0100	pay 0.0050% / 4h	2h 03m	$1.0M	$1.1M	20x
Short	Extended UB-USD	0.1488	0.0104	get 0.0013% / 1h	3m 02s	$5K	$208K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.196%Rate

Funding earned: $0.84
Price spread: +0.196% → +0.081%: $11.46
Slippage, 4 orders: −$310.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$315.5
Costs to cover: 3.278%
Break-even: 2636.2 days

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 43 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 KuCoin live order book, 2 min ago	9.87 bp	156.4 bp −$156	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 43 min ago	0.60 bp	19.7 bp −$20	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
BloFin UB-USDT	+0.0074%	4h	0.1488	+0.224%	$160K	$845K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1488	+0.220%	$3.1M	$15.2M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1486	+0.111%	$964K	$2.3M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1487	+0.170%	$1.4M	$13.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1484	−0.032%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1488	+0.217%	$711K	$679K	100x	as long as short
KuCoin UBUSDTMlong	+0.0100%	4h	0.1485	long leg	$1.0M	$1.1M	20x
Bitget UBUSDT	+0.0100%	4h	0.1488	+0.210%	$2.4M	$3.1M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1487	+0.150%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1486	+0.078%	$424	$8K	—	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	0.1487	+0.163%	$38K	$271K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1488	+0.224%	$16K	$298K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1488	+0.196%	$5K	$208K	5x
Aster UBUSDT	+0.0553%	4h	0.1488	+0.235%	$404K	$130K	5x	as long as short