Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against OKX+0.156%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.156%, 7d avg +0.118%

Together, before fees−0.071%+ Points / potential airdropExtended: Active · farm board−$7 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 0.038% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1481	0.0100	pay 0.0050% / 4h	21m 20s	$1.4M	$16.3M	20x
Short	Extended UB-USD	0.1484	0.0104	get 0.0013% / 1h	21m 20s	$953	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0.84
Price spread: +0.156% → +0.118%: $3.83
Slippage, 4 orders: −$93.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$103.99
Costs to cover: 1.087%
Break-even: 873.6 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 55 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	2.02 bp	20.8 bp −$21	237.9 bp −$2,379	doesn't fit	doesn't fit
Sell Extended live order book, 55 min ago	0.17 bp	32.0 bp −$32	283.3 bp −$2,833	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	+0.0072%	4h	0.1483	+0.115%	$161K	$1.1M	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1484	+0.182%	$3.2M	$16.9M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1482	+0.027%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1481	long leg	$1.4M	$16.3M	20x
Gate UB_USDT	+0.0100%	4h	0.1480	−0.054%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1484	+0.203%	$644K	$700K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1482	+0.034%	$1.1M	$1.3M	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1484	+0.203%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1483	+0.088%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1482	+0.041%	$2K	$7K	—	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	0.1483	+0.097%	$37K	$262K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1484	+0.182%	$17K	$201K	20x	as long as short
Extended UB-USDshort	+0.0104%	1h	0.1484	+0.156%	$953	$176K	5x
Aster UBUSDT	+0.0621%	4h	0.1485	+0.265%	$403K	$205K	5x	as long as short