Funding arb · Price arb /

UB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%

Price spread now: KuCoin against OKX−0.089%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3413.408% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.089%, 7d avg +0.006%

Together, before fees+0.102%+$10 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: KuCoin is 0.095% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UB-USDT-SWAP	0.1480	0.0100	pay 0.0050% / 4h	39m 37s	$1.4M	$16.3M	20x
Short	KuCoin UBUSDTM	0.1478	0.0100	get 0.0050% / 4h	39m 37s	$1.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → +0.006%: −$9.54
Slippage, 4 orders: −$318.85
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$350.39
Costs to cover: 3.408%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 6 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, 4 min ago	2.36 bp	28.2 bp −$28	248.7 bp −$2,487	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	12.74 bp	90.6 bp −$91	790.7 bp −$7,907	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
Binance UBUSDT	+0.0100%	4h	0.1482	+0.122%	$3.2M	$16.8M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1480	+0.048%	$1.1M	$2.4M	20x	as long as short
OKX UB-USDT-SWAPlong	+0.0100%	4h	0.1480	long leg	$1.4M	$16.3M	20x
Gate UB_USDT	+0.0100%	4h	0.1479	−0.074%	$1.5M	$3.4M	25x	as long as short
MEXC UB_USDT	+0.0100%	4h	0.1482	+0.128%	$652K	$696K	100x	as long as short
KuCoin UBUSDTMshort	+0.0100%	4h	0.1478	−0.089%	$1.0M	$1.3M	20x
Bitget UBUSDT	+0.0100%	4h	0.1481	+0.115%	$2.4M	$3.5M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1480	+0.041%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1480	+0.031%	$2K	$7K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1482	+0.155%	$37K	$261K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1483	+0.210%	$17K	$196K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1481	+0.103%	$957	$176K	5x	as long as short
BloFin UB-USDT	+0.0111%	4h	0.1482	+0.182%	$162K	$1.1M	50x	as long as short
Aster UBUSDT	+0.0614%	4h	0.1481	+0.089%	$402K	$203K	5x	as long as short