Funding arb · Price arb /

UB

all UB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Gate against OKX−0.061%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1891.888% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now −0.061%, 7d avg −0.014%

Together, before fees−0.045%−$5 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: Gate is 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1479	0.0100	pay 0.0050% / 4h	37m 50s	$1.4M	$11.7M	20x
Short	Gate UB_USDT	0.1478	0.0100	get 0.0050% / 4h	37m 50s	$1.5M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.014%: −$4.73
Slippage, 4 orders: −$163.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$193.52
Costs to cover: 1.888%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.34 bp	24.5 bp −$25	452.2 bp −$4,522	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.06 bp	76.9 bp −$77	doesn't fit	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	+0.0047%	4h	0.1484	+0.386%	$161K	$834K	50x	as long as short
Binance UBUSDT	+0.0100%	4h	0.1481	+0.142%	$3.1M	$14.3M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1479	+0.054%	$953K	$2.2M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1479	long leg	$1.4M	$11.7M	20x
Gate UB_USDTshort	+0.0100%	4h	0.1478	−0.061%	$1.5M	$3.3M	25x
MEXC UB_USDT	+0.0100%	4h	0.1481	+0.162%	$684K	$619K	100x	as long as short
KuCoin UBUSDTM	+0.0100%	4h	0.1482	+0.205%	$1.0M	$968K	20x	as long as short
Bitget UBUSDT	+0.0100%	4h	0.1477	−0.135%	$2.4M	$2.9M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1479	+0.061%	—	$2.6M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1482	+0.261%	$424	$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	0.1485	+0.463%	$38K	$271K	10x	as long as short
HTX UB-USDT	+0.0100%	4h	0.1484	+0.379%	$16K	$320K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1482	+0.216%	$958	$200K	5x	as long as short
Aster UBUSDT	+0.0338%	4h	0.1483	+0.281%	$402K	$114K	5x	as long as short