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 +0.016%

Price spread now: Bybit against OKX−0.144%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2002.004% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.144%, 7d avg +0.028%

Together, before fees+0.212%+$21 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 0.172% cheaper against OKX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1466	0.0100	pay 0.0050% / 4h	48m 47s	$1.2M	$11.0M	20x
Short	Bybit UBUSDT	0.1464	0.0100	get 0.0050% / 4h	48m 47s	$893K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.028%: −$17.15
Slippage, 4 orders: −$179.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$217.58
Costs to cover: 2.004%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago	0.34 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 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	0.1466	+0.046%	$3.0M	$13.2M	50x	as long as short
Bybit UBUSDTshort	+0.0100%	4h	0.1464	−0.144%	$893K	$2.0M	20x
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1466	long leg	$1.2M	$11.0M	20x
Gate UB_USDT	+0.0100%	4h	0.1462	−0.273%	$1.5M	$3.0M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1467	+0.061%	$605K	$603K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1463	−0.189%	$1.0M	$910K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1467	+0.075%	$2.4M	$2.8M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1467	+0.096%	—	$2.5M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1462	−0.231%	$418	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1467	+0.061%	$37K	$274K	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	0.1465	−0.020%	$16K	$376K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1465	−0.066%	$974	$225K	5x	as long as short
BloFin UB-USDT	+0.0135%	4h	0.1465	−0.027%	$154K	$760K	50x	as long as short
Aster UBUSDT	+0.0368%	4h	0.1467	+0.073%	$398K	$98K	5x	as long as short