Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0912%/8h= −99.8% APRpaid last 24h −0.247%

Price spread now: Bybit against Aftermath Perps−0.044%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bybit is 0.044% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps UNIUSD	9.1311	0.1012	pay 0.0126% / 1h	54m 38s	$1K	$46K	10x
Short	Bybit UNIUSDT	9.1270	0.0100	get 0.0100% / 8h	4h 54m	$102.5M	$110.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$191.45
Price spread: −0.044% → 0.000%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.55 bp	8.8 bp −$9	16.4 bp −$164	35.6 bp −$3,562	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 40 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1281	−0.033%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.297%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1281	−0.032%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1230	−0.088%	$920K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1380	+0.076%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1273	−0.042%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1290	−0.022%	$225.9M	$625.6M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1270	−0.044%	$102.5M	$110.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1270	−0.044%	$56.0M	$258.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.010%	$289K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1210	−0.110%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1230	−0.088%	$49.4M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1240	−0.077%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1190	−0.132%	$33.5M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1210	−0.110%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1338	+0.030%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.196%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.384%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.113%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.395%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1330	+0.021%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1373	+0.068%	$88K	$422K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1320	+0.010%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1397	+0.095%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1306	−0.005%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1561	+0.274%	$720K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1340	+0.032%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1190	−0.132%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1191	−0.131%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1325	+0.016%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	9.1347	+0.040%	$585K	$193K	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	9.1234	−0.083%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1270	−0.044%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.032%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1344	+0.037%	$5.1M	$7.8M	50x	as long as short
Lighter UNI	+0.0312%	1h	9.1433	+0.134%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1219	−0.100%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1288	−0.025%	$651K	—	120x	as long as short
Hyperliquid UNI	+0.0502%	1h	9.1456	+0.159%	$99.4M	$61.4M	10x	as long as short
Aftermath Perps UNIUSDlong	+0.1012%	1h	9.1311	long leg	$1K	$46K	10x