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: Bitget against MEXC−0.035%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.035%, 7d avg +0.032%

Together, before fees+0.061%+$6 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: Bitget is 0.066% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1444	0.0100	pay 0.0050% / 4h	2h 18m	$574K	$628K	100x
Short	Bitget UBUSDT	0.1443	0.0100	get 0.0050% / 4h	2h 18m	$2.3M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.032%: −$6.64
Slippage, 4 orders: −$52.91
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.55
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from MEXC: live order book, 28 min ago; Bitget: live order book, 2 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, 28 min ago	1.72 bp	10.2 bp −$10	68.2 bp −$682	231.5 bp −$23.2K	626.7 bp −$313.3K
Sell Bitget live order book, 2 min ago	5.90 bp	23.6 bp −$24	90.4 bp −$904	doesn't fit	doesn't fit

UB on 14 exchanges

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	−0.0012%	4h	0.1439	−0.310%	$1.0M	$906K	20x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1444	−0.016%	$3.0M	$13.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1440	−0.282%	$889K	$2.0M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1442	−0.125%	$1.3M	$11.0M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1439	−0.339%	$1.5M	$3.2M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1444	long leg	$574K	$628K	100x
Bitget UBUSDTshort	+0.0100%	4h	0.1443	−0.035%	$2.3M	$2.8M	50x
BingX UB-USDT	+0.0100%	4h	0.1443	−0.069%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1441	−0.221%	$412	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1444	+0.001%	$36K	$273K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1444	+0.042%	$16K	$353K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1443	−0.058%	$3K	$219K	5x	as long as short
BloFin UB-USDT	+0.0159%	4h	0.1445	+0.111%	$155K	$787K	50x	as long as short
Aster UBUSDT	+0.0184%	4h	0.1443	−0.056%	$392K	$100K	5x	as long as short