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: Bybit against MEXC−0.137%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.137%, 7d avg −0.092%

Together, before fees+0.106%+$11 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: Bybit is 0.045% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UB_USDT	0.1472	0.0100	pay 0.0050% / 4h	47m 32s	$607K	$604K	100x
Short	Bybit UBUSDT	0.1470	0.0100	get 0.0050% / 4h	47m 32s	$897K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.092%: −$4.5
Slippage, 4 orders: −$157.4
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$180.9
Costs to cover: 1.764%
Break-even: never at this rate

Slippage from MEXC: live order book, 51 min ago; Bybit: 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, 51 min ago	1.70 bp	9.3 bp −$9	56.1 bp −$561	214.5 bp −$21.5K	586.1 bp −$293.1K
Sell Bybit live order book, 2 min ago	1.71 bp	64.5 bp −$64	621.9 bp −$6,219	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
Binance UBUSDT	+0.0100%	4h	0.1473	+0.101%	$3.0M	$13.2M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1470	−0.137%	$897K	$2.0M	20x
OKX UB-USDT-SWAP	+0.0100%	4h	0.1470	−0.082%	$1.2M	$11.1M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1467	−0.285%	$1.5M	$3.1M	25x	as long as short
MEXC UB_USDTlong	+0.0100%	4h	0.1472	long leg	$607K	$604K	100x
KuCoin UBUSDTM	+0.0100%	4h	0.1466	−0.359%	$1.0M	$911K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1468	−0.251%	$2.4M	$2.8M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1472	0.000%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1462	−0.631%	$418	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1464	−0.535%	$37K	$275K	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	0.1472	−0.007%	$16K	$377K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1472	−0.002%	$979	$225K	5x	as long as short
BloFin UB-USDT	+0.0135%	4h	0.1465	−0.428%	$154K	$760K	50x	as long as short
Aster UBUSDT	+0.0375%	4h	0.1471	−0.051%	$399K	$98K	5x	as long as short