Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.103%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.103%, 7d avg −0.044%

Together, before fees+0.257%+$26 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: BingX is 0.058% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1462	0.0100	pay 0.0050% / 4h	3h 31m	$629K	$622K	100x
Short	BingX UB-USDT	0.1460	0.0100	get 0.0050% / 4h	3h 31m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.044%: −$5.83
Slippage, 4 orders: −$54.78
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$78.6
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from MEXC: live order book, 59 min ago; BingX: 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 MEXC live order book, 59 min ago	0.34 bp	9.1 bp −$9	67.9 bp −$679	230.5 bp −$23.0K	566.7 bp −$283.3K
Sell BingX live order book, 3 min ago	3.07 bp	29.2 bp −$29	92.4 bp −$924	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
KuCoin UBUSDTM	+0.0018%	4h	0.1461	−0.023%	$1.1M	$975K	20x	as long as short
BloFin UB-USDT	+0.0071%	4h	0.1460	−0.137%	$156K	$810K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1462	+0.007%	$3.0M	$14.2M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1461	−0.045%	$929K	$2.2M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1460	−0.144%	$1.3M	$11.4M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1462	0.000%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1462	long leg	$629K	$622K	100x
Bitget UBUSDT	+0.0100%	4h	0.1464	+0.178%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDTshort	+0.0100%	4h	0.1460	−0.103%	—	$2.6M	—
Variational Omni UB	+0.0100%	4h	0.1463	+0.113%	$418	$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	0.1465	+0.219%	$37K	$273K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1462	−0.014%	$16K	$337K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1462	+0.019%	$3K	$225K	5x	as long as short
Aster UBUSDT	+0.0142%	4h	0.1465	+0.194%	$397K	$112K	5x	as long as short